The Government of Yukon is introducing three appropriation bills during the fall sitting of the Yukon Legislative Assembly, in addition to interim updates to the Fiscal and Economic Outlooks released in March. The bills include:
- Third Appropriation Act 2025–26 (Supplementary Estimates No. 2 for 2025–26);
- Second Appropriation Act 2026–27 (Supplementary Estimates No. 1 for 2026–27), and
- Interim Capital Appropriation Act 2027–28 (2027 Fall Capital Estimates).
The Fall Capital Estimates is a new tool which will provide earlier certainty for selected projects ahead of next year’s spring budget. The proposed Fall Capital Estimates total approximately $138.8 million and includes investments in highways, transportation infrastructure, building maintenance, housing, community infrastructure, emergency services, health and education.
The new process is designed to better align government budgeting with procurement timelines and the Yukon’s short construction season. Earlier decisions will give government departments, contractors, suppliers and other partners more time to plan crews, equipment, materials, tenders and contracts. The Fall Capital Estimates complements, but does not replace, the spring budget.
The full 2027–28 capital budget and comprehensive update to the capital plan will continue to be considered through Budget 2027.
The Supplementary Estimates No. 1 updates the territory’s financial position for the 2026–27 fiscal year based on new federal funding, updated revenue forecasts and emerging pressures. It will show the territorial deficit has been cut by $28.1 million, or about one third, compared to original projections from Budget 2026.
The 2025–26 Supplementary Estimates No. 2 is an administrative appropriation which aligns limited capital appropriations with amounts paid out. These amounts are fully recoverable and reflect no change in the government’s fiscal position.
The fall capital appropriation is a significant improvement to the Yukon’s budgeting process and an important new tool for the territory’s private sector. As seen with our improved fiscal picture, we are putting the Yukon’s finances on a Path to Balance, which will return us to fiscal sustainability while supporting local industry.
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The revised 2026–27 deficit is $53.7 million, an improvement of $28.1 million compared with the forecast in Budget 2026.
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Total revenue is forecast at $1.976 billion, reflecting a $23.8 million increase from Budget 2026.
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Forecast year-end net debt has improved by $28 million to $776.2 million.
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Real GDP is forecast to grow by 0.2 per cent in 2026, down from the 1.2 per cent projected in the March forecast, primarily due to lower-than-expected production at the Keno Hill mine.
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Visitor spending increased by nearly 21 per cent through August compared with the same period in 2025.
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Retail sales were up 7.1 per cent through July.
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Building construction investment increased by 45 per cent in the first seven months of the year.
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Whitehorse inflation was 5.9 per cent year over year in August, driven by higher costs for shelter, electricity, food, transportation and fuel.
Tim Kucharuk
Press secretary, Cabinet Communications
867-335-2419
[email protected]
Eric Clement
Communications, Finance
867-393-6482
[email protected]