Federal Deficit Could Grow to $117 Billion by 2025: Report

Date:

CanadaPeople walk on Parliament Hill in Ottawa, in a file photo. The Canadian Press/Sean KilpatrickMatthew Horwood4/9/2026|Updated: 4/9/20260:00Canada’s current fiscal trajectory will lead the federal deficit to grow to $117 billion by 2035, according to a new report.While the federal government’s latest budget projects a deficit of just $57 billion by 2029, the report by public policy think tank MEI said that increasing elderly benefits, transfers to provinces, and military spending would put the figure much higher.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Beijing Conducts Live-Fire Drills Amid Taiwanese Opposition Leaders China Trip

Taiwanese sailors salute the island's flag on the deck...

Chinas Theft of Taiwans Technology Could Hasten Timeline for Invasion: Analysts

A member of the hacking group Red Hacker Alliance...

Why Your Next Mayor Should Be an Engineer

Work to repair a major water main break and...

Netanyahu Authorizes Direct Negotiations With Lebanon

Israeli Prime Minister Benjamin Netanyahu speaks during a press...