Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
Canada’s 2025 budget passed with a record $78.3B deficit amid concerns over sustainability and rising debt costs.
Canada’s 2025 federal budget passed with a $78.3 billion deficit, the largest non-pandemic-year deficit in the country’s history, driven by $585.9 billion in spending and $507.5 billion in revenue.
Prime Minister Mark Carney’s government called it a “generational” investment in infrastructure, housing, and defence, but critics, including Conservative MP Kyle Seeback, labeled it unsustainable, citing weak fiscal discipline and a broad definition of capital spending.
The Parliamentary Budget Officer warned of less than a 10% chance the deficit will stay within projections.
Immigration targets are being reduced to 380,000 in 2026 to ease pressure on services, while debt interest costs are expected to exceed $76 billion by 2029/30.
El presupuesto de 2025 de Canadá fue aprobado con un déficit récord de $78.3B en medio de preocupaciones sobre la sostenibilidad y el aumento de los costos de la deuda.