Federal Deficit

• Canada’s economy will ‘slow considerably’ in 2nd half of 2022, budget officer says

  As inflation slows and heads toward the central bank's target of two per cent, the PBO expects the Bank of Canada to begin lowering interest rates toward the end of next year.

  Economy

  Oct 13, 2022
  
• Ottawa cut deficit down to $69.8B during most of last fiscal year

  In its monthly fiscal monitor report, the Finance Department says the tally compared with a deficit of $282.6 billion for the same period of 2020-21.

  Economy

  Apr 29, 2022
  
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• Feds trim budget deficit to $73.7 billion from April to November

  The Finance Department says the result compared with a deficit of $232 billion in the same period a year earlier.

  Economy

  Jan 28, 2022
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• Spending down, revenue up: Feds post $12.7B deficit for June

  The drop in the deficit came as spending dropped compared with a year ago when Ottawa spent billions on emergency aid due to the pandemic and revenue improved.

  Economy

  Aug 27, 2021
• Canada’s deficit to hit $330B as coronavirus lands ‘permanent’ economic impact

  The Parliamentary Budget Officer's report underlines need for spending to be temporary.

  Canada

  Sep 29, 2020
• More than half of Canadians think coronavirus deficit too big but split on election need

  Voters, including Liberals, say they want to see a plan to get back towards balanced budgets.

  Canada

  Sep 22, 2020
• Coronavirus: Federal deficit will likely hit $252B this year, budget watchdog says

  The figure is an estimate based partly on the almost $146 billion in spending measures the government has announced to help cushion the economic blow from the pandemic.

  Canada

  Apr 30, 2020
• Finance Minister Morneau won’t draw red line on how far feds willing to push deficit

  Latest fiscal update showed the deficit is on track to deepen by billions of dollars.

  Canada

  Dec 22, 2019
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• Bill Kelly: Trying to make sense of federal budget hyperbole

  The political gamesmanship that accompanies budgets is always quite interesting.

  Blogs

  Nov 22, 2018
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• Federal deficit stays virtually the same at $19B this year

  The federal government ran a shortfall of $19 billion in the last fiscal year, virtually unchanged from the previous year, Ottawa's annual financial report card shows.

  Canada

  Oct 19, 2018