Follow the money Follow the money: Ottawa's 2025-26 books are in, and the deficit was half what the budget said
Budget 2025 planned a $78.3 billion deficit for 2025-26. The audited Public Accounts, tabled November 6, show $39.3 billion. Revenue came in higher and spending lower. That is good news. It also raises a hard question about how much Canadians can rely on the forecasts that drive this week's budget debate.