Carney will miss target for balancing operating budget, PBO says

OTTAWA — A new report by Ottawa’s fiscal watchdog raises questions about when the government will eliminate its operating deficit, despite Prime Minister Mark Carney saying last week that the government now expects to balance its operating budget a year earlier than the original goal.Based on the information that the government released in its 2025 budget and this spring’s economic update, the Parliamentary Budget Office (PBO) projects that Ottawa will miss its target of balan