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Canada's Deficit Widens to C$25.5B in 2025-26
Revenues rose 0.8% as higher program spending and actuarial losses pushed Ottawa’s deficit above last year’s pace, officials said.
- On Friday, the Finance Department reported Ottawa posted a $25.5 billion deficit for the 11-month period ending in February, suggesting the final deficit could be smaller than originally projected.
- Revenue totaled $453.2 billion for the 11-month period, rising 0.8 percent, while program expenses reached $424.9 billion, marking a 2.1 percent increase over the same period in 2025.
- February saw Ottawa run a $5.7 billion surplus, down from $7.6 billion the prior year, with the 11-month cumulative deficit of $25.5 billion comparing to $19.3 billion last year.
- Finance Minister François-Philippe Champagne will release a spring economic statement on Tuesday, as private-sector economists anticipate Ottawa will show an improved bottom line versus the original budget.
- Typically, the government posts large one-month deficits in March, but even with a similar result, Ottawa remains well within its budgeted $78.3 billion deficit forecast for the 2025-26 fiscal year.
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21 Articles
21 Articles
Canada budget deficit over first 11 months of 2025/26 rises to C$25.55 bln
OTTAWA, April 24 (Reuters) - Canada recorded a higher C$25.55 billion ($18.66 billion) budget deficit for the first 11 months of the 2025/26 fiscal year as government expenditures grew faster than revenues, the finance ministry said on Friday.
·United Kingdom
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The federal government recorded a budgetary deficit of $25.5 billion for the period from April 2025 to February 2026, comparable to last year.
·Montreal, Canada
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The federal government recorded a budgetary deficit of $25.5 billion for the period from April 2025 to February 2026.
·Montreal, Canada
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Coverage Details
Total News Sources21
Leaning Left8Leaning Right3Center6Last UpdatedBias Distribution47% Left
Bias Distribution
- 47% of the sources lean Left
47% Left
L 47%
C 35%
R 18%
Factuality
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