Canada's Finance Minister, Chrystia Freeland, aims to meet fiscal targets in the federal budget, with deficit projections varying among economists.
Canada's Finance Minister, Chrystia Freeland, has pledged to meet the government's fiscal targets in the upcoming federal budget, but economists are divided on whether this will be achievable as the deficit tracks higher. The Liberals unveiled new fiscal guardrails in the fall that aim to limit deficits, with this year's deficit pledged to not exceed $40.1 billion. TD Economics predicts a capped deficit at $40 billion, while Desjardins forecasts a $47 billion deficit. The federal budget, set to be presented on April 16, is expected to focus on challenges facing young people, including housing and a new pharmacare program.
March 14, 2024
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