PBO projects higher deficits and increased debt-servicing costs as economic growth takes a hit | Unpublished
Hello!
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Unpublished Newswire

 
Two children died after a boat overturned on Nova Scotia's Lake Rossignol, with police saying a man and a third child were injured.
October 19, 2025 - 09:49 | Sean Previl | Global News - Canada
Bringing an end to diversity, equity and inclusion initiatives within Canada’s government, as proposed by Pierre Poilievre, would allow people to be chosen for roles based on merit and character, says the founder of a Canadian think tank. “It goes to the basic question of what kind of society you want and what governments should be doing. Governments should not have bureaucracies whose job it is to discriminate based on skin colour, ethnicity, gender,” Mark Milke told National Post. Milke is the president of Aristotle Foundation for Public Policy, which is dedicated to renewing a...
October 19, 2025 - 08:00 | Courtney Greenberg | National Post
The Toronto Blue Jays entered the American League Championship Series fully embracing the "Want It All" slogan.
October 19, 2025 - 06:02 | Globalnews Digital | Global News - Ottawa