🇨🇦 Mark Carney
Carney will miss target for balancing operating budget, PBO says
What happened
The PBO projects the government will miss its target of balancing the operating budget by 2028-29 by a year, based on the information from the government's 2025 budget and spring economic update. The PBO says the government spent about $546.6-billion on operating expenses in 2025-26 and $34.5-billion on capital costs. The government's treatment of some budget items, such as the classification of the Agricultural Clean Technology program, is contradictory.
Why it matters
The report raises concerns about the government's fiscal management and transparency. The classification of budget items may affect the government's ability to meet its fiscal targets. The report's findings may impact the government's credibility and public trust.
Key facts
- The government spent $546.6-billion on operating expenses in 2025-26.
- The government spent $34.5-billion on capital costs in 2025-26.
- The PBO says the government's treatment of some budget items is contradictory.
Publisher evidence used
Reporting attributed to nationalpost.com. WorldLeadersNews links readers to the publisher and does not present a headline-only item as a full article analysis.
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