Source Feed: The Globe and Mail
Author: Nojoud Al Mallees
Publication Date: September 25, 2025 - 10:45
PBO projects higher deficits and increased debt-servicing costs as economic growth takes a hit
September 25, 2025
The parliamentary budget officer is projecting the federal deficit will balloon this fiscal year as it downgraded its economic growth projections for the Canadian economy.
In a new report on Thursday, the PBO says the federal deficit will increase from $51.7 billion in 2024-25 to $68.5 billion in 2025-26, reflecting both lower economic growth and increased government spending.
Unpublished Newswire
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