OTTAWA — Here’s a brief look at some of the key numbers in the Liberal government’s 2026 spring economic update:
$66.9 billion: Projected deficit for 2025-26, $11.5 billion lower than the projection in Budget 2025. The government predicts the annual deficit will decline to $53.2 billion by 2030-31.
$37.5 billion: Net cost of new measures included in the spring economic update over six years. The government says 45 per cent of that spending is for measures to address the cost of living and the housing shortage.
$7.2 billion: Average annual increase in federal revenues over previous budget projections.
$31 billion: Increase per year in level of nominal GDP over 2025-2029, compared to projections in Budget 2025.
$6 billion: The sum to be invested over five years in Team Canada Strong, a strategy to recruit and train 80,000 to 100,000 new workers in the skilled…
