US EditionSpring Economic Statement Projects Smaller-Than-Forecasted $66.9 Billion Deficit for 2025 Fiscal Year
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3 Articles
Spring Economic Statement Projects Smaller-Than-Forecasted $66.9 Billion Deficit for 2025 Fiscal Year
The Liberal government’s first Spring Economic Update projects a $66.9 billion deficit for the 2025–26 fiscal year, which is lower than the $78.3 billion shortfall forecast in its November budget. The update, tabled exactly a year after the Liberal Party’s April 28 electoral win, outlines $37.5 billion over the next six years in new social measures, such as addressing food security, easing access to disability tax credits, extending Employment I…
ECONOMIC UPDATE. The creation of the sovereign wealth fund is not included in spending. The post The federal deficit decreased to $66.9 billion appeared first on Les Affaires.
The federal government's deficit for 2025-2026 will eventually be $66.9 billion, according to the economic update of the spring announced on Tuesday. Public finances have recorded an improvement of $17.7 billion compared to the $78.3 billion projected in last fall's budget. Finance Minister François-Philippe Champagne attributes this to the government's "discipline" and "precaution" as a "cloud of uncertainty" over the global economy. More detai…
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