off-the-wire

Canada budget deficit over first eight months of 2025/26 rises to C$26.39 bln

Kitco Media
By Reuters
Published:
Updated:
Reuters
Canada budget deficit over first eight months of 2025/26 rises to C$26.39 bln teaser image

OTTAWA, Jan 30 (Reuters) - Canada recorded a slightly higher C$26.39 billion ($19.51 billion) budget ​deficit for the first eight ‌months of the 2025/26 fiscal year as government expenditures grew faster than revenues, the finance ministry said on ‌Friday.

By comparison, the deficit in the ​same period a year earlier had been C$22.72 billion, it said in ‍a statement.

Program expenses rose 3.1% on increases across all major categories of spending. Public ⁠debt charges marginally increased by 0.3% ‍reflecting offsetting effects of lower short-term interest rates ‌on ‌treasury bills and higher rates on stock of marketable bonds, the ministry said.

Year-to-date revenues grew by 1.9%, ⁠largely reflecting ⁠higher income ​from custom import duties and corporate and personal income tax revenues.
On a monthly basis, ‍Canada posted a deficit of C$8.02 billion in November, compared to a C$8.21 billion ​deficit in November ‍2024.

($1 = 1.3524 Canadian dollars)

(Reporting by Promit Mukherjee, editing by ​David Ljunggren)

((Reuters Ottawa bureau; david.ljunggren@tr.com, opens new tab))

Keywords: CANADA BUDGET/

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