Government finance statistics, first quarter 2026

In the first quarter of 2026, the Canadian general government recorded a deficit of $16.4 billion, an increase of $1.5 billion compared with the same quarter a year earlier, as expenses grew (+0.4%) and revenue decreased slightly (-0.1%). Excluding social security funds, the deficit stood at $34.1 billion in the first quarter of 2026, almost unchanged from the $34.0 billion deficit recorded in the first quarter of 2025.