Carney’s budget breakdown: Interactive graphic shows deficit spending, taxes, government transfers, program spending, and more

There’s a $78.3 billion deficit; $426 billion in tax revenue; $83.1 billion in elderly benefits; $97.1 billion in corporate income taxes. Prime Minister Mark Carney’s “Canada Strong Budget 2025” is a dense 493-page document with a long list of revenue and expense line items. To help Canadians better understand the budget, including its major big-ticket items, The Hub, in collaboration with data communications company Plot + Scatter, is providing readers with an interactive graphic designed to help you, the taxpayer, better understand where your money is going, contextualize the budget with previous spending plans, and gaze forward at projected spending. Today, Finance Minister François-Philippe Champagne unveiled the Liberal government’s long-awaited 2025 budget: a fiscal plan advertised as cutting back federal government operational expenses, while simultaneously spending billions. The Liberals intend to run an estimated $78.3 billion deficit, more than double last year’s $36.3 billion deficit. Meanwhile, tax revenues jumped from $416.7 billion in 2024-25 to an expected $426.2 billion this fiscal year. Readers can break down the details of various revenue streams, with the “see details” button, as well as for all major expense categories, including income support ($143.7 billion), government transfers ($110.8 billion), pollution pricing ($5 billion), direct program expenses ($265.8 billion), and public debt charges ($55.6 billion). The graphic also allows readers to look at the Carney government’s fiscal forecast in Budget 2025 over the next four years. Try it yourself.