Ottawa posts $55.3B deficit for 2025-26 fiscal year, based on monthly fiscal monitor
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $1.44 a week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $5.77 plus GST every four weeks. After 52 weeks, price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
OTTAWA – The 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 actuarial losses, for the year totalled $487.89 billion, up from $480.29 billion.
Public debt charges for the year amounted to $53.71 billion compared with $53.65 billion a year earlier.
Net actuarial losses totalled $13.70 billion compared with $4.02 billion a year earlier.
This report by The Canadian Press was first published May 29, 2026.