The federal government’s fall economic statement blows past the previously announced “fiscal guardrail” that was supposed to keep the deficit below $40 billion. The government’s revised deficit for the 2023-24 fiscal year is $61.9 billion – over 50% more than the limit Chrystia Freeland set out previously.
https://tnc.news/2024/12/16/62-billion-deficit-no-balanced-budget/
The federal government’s fall economic statement blows past the previously announced “fiscal guardrail” that was supposed to keep the deficit below $40 billion. The government’s revised deficit for the 2023-24 fiscal year is $61.9 billion – over 50% more than the limit Chrystia Freeland set out previously. https://tnc.news/2024/12/16/62-billion-deficit-no-balanced-budget/
TNC.NEWS
Fall Economic Statement reveals $62 billion deficit with no path to balanced budget
The federal government’s fall economic statement blows past the previously announced “fiscal guardrail” that was supposed to keep the deficit below $40 billion.
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