Canada Budget Deficit Hits 25.55 Billion Dollars
Canada recorded a budget deficit of 25.55 billion dollars for the first eleven months of the fiscal year. Spending grew faster than revenue during this period.
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Canada has reported a budget deficit of C$25.55 billion for the first 11 months of the 2025/26 fiscal year, according to data released by the finance ministry on Friday. This figure represents a significant increase from the C$19.27 billion deficit recorded during the same period in the previous fiscal year, as government spending outpaced revenue growth.
