News

Published November 5, 2026

Budget 2026 by the numbers: Key figures in the Liberals’ spending plan

By Alyssa Wheeler
Prime Minister Mark Carney and Finance Minister Francois-Philippe Champagne on Parliament Hill ahead of the federal budget in Ottawa on Nov. 5, 2026.
Prime Minister Mark Carney, right, and Finance and National Revenue Minister Francois-Philippe Champagne are seen on Parliament Hill before the federal budget in Ottawa, Thursday, Nov. 5, 2026. THE CANADIAN PRESS/Adrian Wyld

Here's a brief look at some key numbers in the Liberal government's 2026 budget.

— $142.1 billion: The total amount of new spending and tax breaks included in Budget 2026.

—$62.3 billion: The projected deficit for 2026-27.

— $3 billion: How much lower Ottawa's projection for the 2026-27 deficit is compared with the April spring economic update.

Barrie's News Delivered To Your Inbox

Stay up to date with what Barrie's talking about. Get the latest local news delivered right to your inbox every day. Never miss out on what's going on ...
Subscription Form
Consent Info

By submitting this form, you are consenting to receive marketing emails from: Central Ontario Broadcasting, 431 Huronia Rd, Barrie, Ontario, CA, https://www.cobroadcasting.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

— 380,000: The target for the number of permanent resident admissions per year in 2027, 2028 and 2029.

— 370,000: The target for the number of new temporary resident admissions per year in 2027, 2028 and 2029.

— 200,000: The target for the number of temporary residents already in Canada who could become permanent residents by the end of 2027.

— $50 billion: The investment in growing Canada’s electricity grid.

— 55,000: The number of additional electric vehicle chargers Ottawa hopes to build by 2032.

— $1.2 billion: The amount the federal government says it will spend to extend funding agreements with the provinces and territories for mental health and addictions services and home and community care.

— $55.3 million: The proposed funding increase to Transport Canada over two years to advance digital trade processes and help businesses adopt new tools to be more competitive.

— $300 million: The increase in CBC/ Radio-Canada funding.

— $600 million: The amount of immediate support for Canadian content production.

— 110: The number of times the word "sovereign" or "sovereignty" is mentioned in the budget document.

This report by The Canadian Press was first published Nov. 5, 2026.

Advertisement
What do you think of this article?
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0
Advertisement
Advertisement
Advertisement

Have a breaking story?

Share it with us!
Share Your Story

What Barrie's talking about!

From breaking news to the best slice of pizza in town! Get everything Barrie’s talking about delivered right to your inbox every day. Don’t worry, we won’t spam you. We promise :)
Subscription Form
Consent Info

By submitting this form, you are consenting to receive marketing emails from: Central Ontario Broadcasting, 431 Huronia Rd, Barrie, Ontario, CA, https://www.cobroadcasting.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Related Stories

Advertisement
Advertisement