Deficit is $66.9 billion for 2025-2026

$11.5 billion lower than the November figure

The deficit is expected to decline to around $53 billion by 2030-31.

Servicing the federal debt continues to be a major expenditure, with costs expected to surge. After reaching $54 billion in the 2025–26 fiscal year, interest payments are projected to exceed $80 billion by 2030–31.

$37.5 billion for new measures such as the previously announced groceries and essentials benefit

$6 billion to address gap in skilled trades

Guest: David Akin - Global News Chief Political Correspondent

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