By Craig Lord Prime Minister Mark Carney says the Liberals are “good fiscal managers” — and he’ll have the chance to prove it when the federal government tables its spring economic update Tuesday afternoon. The federal government typically tables mid-year updates between annual budgets to revise its economic and fiscal projections. These updates can include new spending and are sometimes referred to as “mini-budgets.” The Liberals’ fall budget — the first under Carney’s leadership — projected a deficit of $78.3 billion for the last fiscal year, with deficits declining and averaging around $64 billion annually over the five-year horizon. The federal fiscal monitor for April 2025 to February 2026 shows the deficit came in at $25.5 billion over the first 11 months of the last fiscal year. March typically sees…
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