Federal budget 2017: Trudeau government projects $28.5 billion deficit in 2017-2018
Global News | March 22, 2017
Finance Minister Bill Morneau’s second budget projects shortfalls of $23 billion for 2016-17, $25.5 billion next year and $24.4 billion in 2018-19, not including a $3 billion contingency fund – forecasts that have each shrunk between $1.5 billion and $2.1 billion since the fall.
Later in the outlook, the annual deficits are expected to be little bigger than previously thought. But the government once again failed to outline a plan to return the books to balance, which it promised to do in its 2015 election platform.