▁ex cluded , ▁general ▁government ▁deb t ▁would ▁be ▁about ▁ 6 9 ▁percent ▁of ▁G DP ▁in ▁ 2 0 1 7 . ▁▁ ▁Public ▁deb t ▁increased ▁in ▁recent ▁years , ▁reflect ing ▁the ▁government ' s ▁policy ▁to ▁fund ▁public ▁sector ▁employee ▁p ension ▁plans ▁by ▁issu ing ▁new ▁deb t . ▁General ▁government ▁deb t ▁as ▁reported ▁here ▁does ▁not ▁include ▁un fund ed ▁p ension ▁li abilities . ▁Many ▁advanced ▁econom ies ▁do ▁not ▁report ▁un fund ed ▁p ension ▁li abilities ▁and ▁as ▁such ▁they ▁are ▁ex cluded ▁from ▁measures ▁of ▁public ▁sector ▁deb t ▁to ▁allow ▁for ▁consistent ▁international ▁comparison . ▁General ▁government ▁deb t , ▁including ▁un fund ed ▁p ension ▁li abilities , ▁would ▁be ▁about ▁ 1 0 5 ▁percent ▁of ▁G DP ▁on ▁a ▁gross ▁basis . ▁ ▁Future ▁expect ations ▁of ▁the ▁deb t ▁▁ ▁Canadian ' s ▁government ▁announced ▁an ▁increase ▁of ▁the ▁fis cal ▁pressure ▁over ▁the ▁long ▁term . ▁Es pecially ▁a ▁growth ▁of ▁health ▁care ▁sp ending ▁to ▁acceler ate ▁from ▁ 3 % ▁to ▁ 4 . 5 ▁% ▁within ▁a ▁ 1 0 - 2 0 - year ▁time - frame . ▁As ▁a ▁result , ▁net ▁deb t ▁to ▁G DP ▁r ati os ▁are ▁expected ▁to ▁start ▁acceler ating ▁by ▁the ▁mid - 2 0 2 0 s . ▁ ▁Interest ▁rate ▁and ▁growth ▁differential s ▁are ▁expected ▁to ▁be ▁favor able ▁in ▁the ▁near ▁term , ▁with ▁real ▁G DP ▁growth ▁exceed