Cost of Living|Canada
Budget 2026 ‘Masters of our destiny’: deficits still near $62B, operating balance claimed a year early
Finance tabled the budget on 5 November. Annex 1 projects a $62.3 billion deficit in 2026-27 and $62.5 billion in 2027-28, with the deficit-to-GDP ratio then declining. Day-to-day operating balance turns positive in 2027-28 under the capital-budgeting framework. Public debt charges rise to $85.5 billion by 2030-31.
Daily Teabag Desk·Centre