Subhead:Canada’s projected spending for the 2025/26 fiscal year is $486.9 billion, an 8.4% increase from the previous year.#
Despite Prime Minister Mark Carney’s pledge to cut spending, government financial data indicates a rise in public expenditures this fiscal year compared to the last.
Treasury Board President Shafqat Ali presented the main estimates in Parliament on Tuesday, outlining the new administration’s initial spending plans.
Canada’s projected spending for the 2025/26 fiscal year is $486.9 billion, an 8.4% increase from the previous year. $264 billion is pre-approved, while the remaining $222.9 billion requires a new bill and parliamentary vote.
