Certainly.
The budget tabled by the government in late 2025 did forecast a $79-billion deficit for the 2025-26 fiscal year and a deficit in the mid-$60 billions for 2026-27 and 2027-28. Underneath that, or part of that, is a priority around reducing the deficit related to operating. By 2028-29, the government has a stated objective of only running deficits related to capital investment.
The government is deliberately running a deficit over these next few years to fund investments in the programs and services that are outlined in the budget. The main estimates and following supplementary estimates do indeed reflect the plan the government has laid forward.