Federal deficit comes in smaller than expected, but with $37.5 billion in extra spending
- Posted on April 28, 2026
- By Financial Post
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- 1 min read
In brief
Canada's fiscal landscape shows unexpected resilience as the latest budget review reveals a narrower deficit trajectory than previously anticipated. Despite implementing $37.5 billion in supplementary expenditures throughout the fiscal period, the government managed to contain the overall shortfall to $66.9 billion. This development suggests improved revenue collection or better-than-expected economic performance, offering modest optimism for fiscal sustainability amid ongoing budgetary pressures and inflation concerns.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
Federal deficit comes in smaller than expected, but with $37.5 billion in extra spending
Prime Minister Mark Carney’s fiscal update showed a smaller than projected budget shortfall of $66.9 billion for the year that just ended
