Budget 2026

Federal Budget2026 Analysis

Independent, comprehensive budget analysis. Sector breakdowns, audience-tailored summaries, and stakeholder intelligence — all in one place.

Budget at a GlanceFull analysis

Deficit 2026-27

$62.3B

Up from $39.3B in 2025-26

Day-to-day operating balance 2026-27

-$3.5B

+$11.2B in 2027-28, a year early

Federal debt-to-GDP 2026-27

39.9%

41.5% projected in the spring

Net cost of new measures and policy actions, 2026-27 to 2030-31

$151B

$36.1B is the Productivity Mega Deduction

Capital investments, 2025-26 to 2030-31

$403.9B

$676.4B on a cash basis

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Analysis

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Sectors

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For You

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Stakeholder Notes

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Year-over-Year