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#Budget-2025

Centre Block, Parliament Hill, Ottawa — Photo: Ken Lund, CC BY-SA 2.0

Data Desk|Canada

PBO June 2026: ~$72B deficit, debt-service climbing, fiscal-anchor odds near zero

The Parliamentary Budget Officer’s 4 June 2026 Economic and Fiscal Outlook projects the deficit rising from $36.3 billion (2024–25) to $72.0 billion (2025–26), with debt-service reaching 13.1% of revenues and under a 1% chance the deficit/GDP ratio declines every year through 2030–31.

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