About this episode
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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