Federal deficit grows to $55.3-million in latest fiscal year
The Canadian federal government reported a deficit of $55.28 billion for the 2025-26 fiscal year, an increase from the previous year's deficit of $43.15 billion. Revenue for the year rose to $500.02 billion, while program expenses also increased to $487.89 billion. The final figures will be subject to end-of-year adjustments and will be published in the public accounts.
- ▪The federal deficit grew to $55.28 billion for the 2025-26 fiscal year.
- ▪Revenue increased to $500.02 billion compared to $494.81 billion the previous year.
- ▪Program expenses rose to $487.89 billion from $480.29 billion a year earlier.
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| Original publisher | The Globe and Mail |
| Canonical URL | https://www.theglobeandmail.com/business/article-federal-deficit-grows-to-553-million-in-latest-fiscal-year/ |
| Publication time | Fri, 29 May 2026 15:20:02 +0000 |
| Retrieval time | 2026-05-29T15:25:02.041Z |
| Last seen | 2026-05-29T15:25:02.041Z |
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Opening excerpt (first ~120 words) tap to expand
Open this photo in gallery:The Canadian flag blows on the Peace Tower on Parliament Hill.Sean Kilpatrick/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountThe federal government posted a deficit of $55.28-billion for its 2025-26 fiscal year compared with a $43.15-billion deficit a year earlier, according to the Finance Department’s monthly fiscal monitor report.The department cautioned the figures were not the final result for the 2025-26 fiscal year, which will include additional end-of-year adjustments and be published in the public accounts for the year.Revenue for the period stretching from April, 2025, to March this year totalled $500.02-billion, up from $494.81-billion in the same period a year earlier.Program expenses, excluding net…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
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