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Federal government reports deficit of $26.1B for its April-to-December period
- The federal government reported a budgetary deficit of $26.14 billion from April to December in the 2025-26 fiscal year.
- Government revenue rose to $363.36 billion, driven by higher customs duties and income tax revenues.
- Program expenses increased to $344.91 billion during this period, due to higher direct spending and transfers to individuals and governments.
- Public debt charges decreased slightly to $40.86 billion in the same timeframe.
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Canada's federal deficit hit $26.1B so far this fiscal year — a $4.4B jump from last year
The federal government posted a budgetary deficit of $26.14 billion for the April-to-December period of its 2025-26 fiscal year.In its monthly fiscal monitor released Friday, the Finance Department compared the result to its deficit of $21.72 billion reported for the same period a year earlier.The result came as revenue totalled $363.36 billion for the nine-month period, up from $355.62 billion a year earlier, reflecting increases in customs imp…
·Canada
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Coverage Details
Total News Sources15
Leaning Left9Leaning Right0Center2Last UpdatedBias Distribution82% Left
Bias Distribution
- 82% of the sources lean Left
82% Left
L 82%
C 18%
Factuality
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