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Here’s What Fiscal Hawks Are Watching Out for in Budget 2026

Parliamentary Budget Officer Annette Ryan expressed skepticism last month that Ottawa will meet its fiscal anchors, projecting deficit-to-GDP ratios will rise instead of decrease as pledged.
Recent fiscal commitments including the Pacific Link oil pipeline and a 'productivity mega-deduction' have limited Ottawa's fiscal leeway, while the government faces substantial defense spending obligations to meet NATO targets.
Randall Bartlett, deputy chief economist at Desjardins, criticized spending timeline clarity, while Colin Busby of the C.D. Howe Institute dismissed The Liberals' $60 billion savings target as "timid."
The PBO's latest outlook forecasts this year's deficit at $63.3 billion, warning it could reach $67.8 billion by 2030-31 as energy windfall revenues fade.
On Thursday, the federal government will table its second budget under Prime Minister Mark Carney, expected to pivot further from day-to-day program spending toward aggressive infrastructure investment.

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The Toronto Star

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Lean Left

Here's what fiscal hawks are watching out for in Budget 2026

OTTAWA - The Liberal government is getting ready to reveal how a prolonged global energy shock and a series of spending commitments over the summer have affected the state of federal finances.

2 days ago·Toronto, Canada

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Ckpg Today

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Center

Here’s what fiscal hawks are watching out for in Budget 2026

OTTAWA — The Liberal government is getting ready to reveal how a prolonged global energy shock and a series of spending commitments over the summer have affected the state of federal finances. Budget 2026 — the second federal budget tabled under Prime ...

2 days ago·Prince George, Canada

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