{"id":703085,"date":"2026-05-30T05:07:16","date_gmt":"2026-05-30T05:07:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/703085\/"},"modified":"2026-05-30T05:07:16","modified_gmt":"2026-05-30T05:07:16","slug":"federal-deficit-grows-to-55-3-billion-in-latest-fiscal-year","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/703085\/","title":{"rendered":"Federal deficit grows to $55.3-billion in latest fiscal year"},"content":{"rendered":"<p><a style=\"display:block\" href=\"https:\/\/www.theglobeandmail.com\/resizer\/v2\/ZRDMLU3BQNB3LJWZI7GIHK2MHA.jpg?auth=f34d060be2949012da93da6e1b24b721aa357a7b32da80de0b17b832c4d95bf7&amp;width=600&amp;height=400&amp;quality=80&amp;smart=true\" aria-haspopup=\"true\" data-photo-viewer-index=\"0\" rel=\"nofollow noopener\" target=\"_blank\">Open this photo in gallery:<\/a><\/p>\n<p class=\"figcap-text\">The Canadian flag blows on the Peace Tower on Parliament Hill.Sean Kilpatrick\/The Canadian Press<\/p>\n<p class=\"c-article-body__text text-pr-5\">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\u2019s monthly fiscal monitor report.<\/p>\n<p class=\"c-article-body__text text-pr-5\">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.<\/p>\n<p class=\"c-article-body__text text-pr-5\">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.<\/p>\n<p class=\"c-article-body__text text-pr-5\">Program expenses, excluding net actuarial losses, for the year totalled $487.89-billion, up from $480.29-billion.<\/p>\n<p class=\"c-article-body__text text-pr-5\">Public debt charges for the year amounted to $53.71-billion compared with $53.65-billion a year earlier.<\/p>\n<p class=\"c-article-body__text text-pr-5\">Net actuarial losses totalled $13.70-billion compared with $4.02-billion a year earlier.<\/p>\n<p class=\"Correction__CorrectionWrapper-sc-1kub8es-0 iJVQfM mv-16 text-gmr-4\">Editor\u2019s note: The headline in a previous version of this article misstated the federal deficit. This version has been corrected.<\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: The Canadian flag blows on the Peace Tower on Parliament Hill.Sean Kilpatrick\/The Canadian&hellip;\n","protected":false},"author":2,"featured_media":703086,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[901,888,902,879,877,903,45,49,48,876,895,896,891,878,875,46,549,295,894,887,914,880,881,893,889,890,884,904,885,909,910,912,907,911,905,908,882,898,899,714,897,906,865,61,900,892,886,883,913],"class_list":["post-703085","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-alberta","tag-arts-news","tag-bc","tag-breaking-news","tag-breaking-news-video","tag-british-columbia","tag-business","tag-ca","tag-canada","tag-canada-news","tag-canada-sports","tag-canada-sports-news","tag-canada-trafficcanada-weather","tag-canadian-breaking-news","tag-canadian-news","tag-economy","tag-education","tag-environment","tag-federal-government","tag-foreign-news","tag-globe-and-mail","tag-globe-and-mail-breaking-news","tag-globe-and-mail-canada-news","tag-government","tag-life-news","tag-lifestyle","tag-local-news","tag-manitoba","tag-national-news","tag-new-brunswick","tag-newfoundland-and-labrador","tag-northwest-territories","tag-nova-scotia","tag-nunavut","tag-ontario","tag-pei","tag-photos","tag-political-news","tag-political-opinion","tag-politics","tag-politics-news","tag-quebec","tag-sports-news","tag-technology","tag-travel","tag-trudeau","tag-us-news","tag-world-news","tag-yukon"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/703085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=703085"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/703085\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/703086"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=703085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=703085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=703085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}