The Office of the Parliamentary Budget Officer forecasts a $49.3 billion deficit for 2025-26, representing 2.2% of GDP

Core Viewpoint - Canada's budget deficit is expected to exceed 2% of the economy for the current and upcoming fiscal years due to weak growth and planned spending measures by Prime Minister Mark Carney aimed at restructuring the economy [1] Group 1 - The budget deficit is projected to widen beyond 2% of the economy [1] - Weak economic growth is a contributing factor to the increasing deficit [1] - Planned spending measures by Prime Minister Mark Carney are intended to rewire the economy [1]