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Mark Carney tables $78.3 BILLION deficit - largest non-pandemic deficit in Canadian history

The Liberal government has finally tabled its budget, projecting a national deficit of $78.3 billion this year, fueled by a massive $38 billion increase in spending to a total of $581 billion.

Quinn Patrick
Nov 04, 2025
∙ Paid
Mark Carney gives a thumbs up after casting his ballot in the federal election at a polling station. 

Mark Carney lève le pouce après avoir déposé son bulletin de vote lors des élections fédérales dans un bureau de vote.
Source: Facebook (Mark Carney)

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The Liberal government has finally tabled its budget, projecting a national deficit of $78.3 billion this year, fueled by a massive $38 billion increase in spending to a total of $581 billion. Outside of the pandemic era, Carney’s budget deficit is the largest in Canadian h…

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