Canada proposes total borrowing of CAD 611bln in 2027/28 (prev. 587bln in 2026/27)
ORIGINAL · NewsquawkCanada proposes total borrowing of CAD 611bln in 2027/28 (prev. 587bln in 2026/27)Read originalHide original
Deficit forecasts: 2026/27 to CAD 62.3bln (prev. 65.3bln). 2027/28 to CAD 62.5bln (prev. 63.1bln). 2028/29 to CAD 57.6bln (prev. 57.7bln). 2029/30 to CAD 53.4bln (prev. 56.2bln). 2030/31 to CAD 52.9bln (prev. 53.2bln). GDP forecasts: 2026 GDP growth forecast to 1.0% (prev. 1.1%). 2027 to 1.7% (prev. 1.9%). 2028/29 to 2.0% (prev. 1.9%). Sees federal debt-to-GDP at 39.9% in 2026/27 (prev. 41.5%), 40.2% in 2027/28 (prev. 41.8%), 40.4% in 2028/29, 40.3% in 2029/30 and 40.1% in 2030/31.
Canada proposes higher total borrowing for 2027/28; the supplied forecasts detail deficits, GDP growth and federal debt-to-GDP through 2030/31.
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Deficit forecasts: 2026/27 to CAD 62.3bln (prev. 65.3bln). 2027/28 to CAD 62.5bln (prev. 63.1bln). 2028/29 to CAD 57.6bln (prev. 57.7bln). 2029/30 to CAD 53.4bln (prev. 56.2bln). 2030/31 to CAD 52.9bln (prev. 53.2bln). GDP forecasts: 2026 GDP growth forecast to 1.0% (prev. 1.1%). 2027 to 1.7% (prev. 1.9%). 2028/29 to 2.0% (prev. 1.9%). Sees federal debt-to-GDP at 39.9% in 2026/27 (prev. 41.5%), 40.2% in 2027/28 (prev. 41.8%), 40.4% in 2028/29, 40.3% in 2029/30 and 40.1% in 2030/31.
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