The Daily Teabag

Centre Block, Parliament Hill, Ottawa — Photo: Ken Lund, CC BY-SA 2.0

Data Desk|Canada

PBO: Carney’s operating-budget anchor misses 2028–29 — capital labels look inconsistent

The Parliamentary Budget Officer’s 24 September 2026 note on the Operating Budget Fiscal Anchor projects balance in 2029–30, one year after Budget 2025’s 2028–29 target and two years after the prime minister’s 15 September claim of a 2027–28 path. Granular Finance attributions of “operating” vs “capital” look contradictory in places.

Daily Teabag Desk·September 28, 2026Slight right

Data Desk|Canada

PBO June 2026: ~$72B deficit, debt-service climbing, fiscal-anchor odds near zero

The Parliamentary Budget Officer’s 4 June 2026 Economic and Fiscal Outlook projects the deficit rising from $36.3 billion (2024–25) to $72.0 billion (2025–26), with debt-service reaching 13.1% of revenues and under a 1% chance the deficit/GDP ratio declines every year through 2030–31.

Daily Teabag Desk·September 21, 2026Slight right