Provincial Fiscal Outlook
By CBoC Economics Team • Updated: July 29, 2025
Deficits to Gradually Narrow
Provincial governments across Canada are facing fiscal challenges. Most are struggling to balance their books amid spending pressures, as pandemic-related interest costs linger, and a rising number of seniors is increasing demand for healthcare. Housing affordability, while improving, also remains a spending priority for many governments.
July 29, 2025 • 20-min read
The Provincial Fiscal Outlook leverages The Conference Board of Canada’s robust macroeconomic models to provide an independent forecast of each province’s finances, including projections for revenue, spending, debt, and other key financial indicators. Intended primarily for provincial finance ministries, this annual report delivers data and insights to help refine budget planning and improve long-term fiscal sustainability.
Inside the report
For each province, the report includes:
- fiscal projections—a trusted, independent outlook on revenues, expenditures, and debt levels;
- written analysis—a detailed exploration of the outlook’s key findings and economic themes that could impact each provincial forecast;
- interactive charts—customizable charts and data to help subscribers identify trends relevant to their work;
- downloadable data—a table of key indicators that subscribers can download for their own use.
Questions?
If you have any questions about the Provincial Fiscal Outlook, or about becoming a subscriber, please contact us.