Business & Data
Federal deficit rises to $16.4 billion in first quarter of 2026
The Canadian general government deficit grew by $1.5 billion from the same quarter a year earlier, as expenses rose 0.4 per cent and revenue edged down 0.1 per cent.
The Canadian general government recorded a deficit of $16.4 billion in the first quarter of 2026, an increase of $1.5 billion compared with the same quarter a year earlier, Statistics Canada reported June 26. Expenses grew 0.4 per cent and revenue decreased slightly, down 0.1 per cent.1
Excluding social security funds, the deficit stood at $34.1 billion in the first quarter of 2026, almost unchanged from the $34.0 billion deficit recorded in the first quarter of 2025.1
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Sources
- Government finance statistics, first quarter 2026 · Statistics Canada
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