Will Ottawa meet its fiscal target Economists split as deficit tracks higher

By Nojoud Al Mallees THE CANADIAN PRESS OTTAWA- Finance Minister Chrystia Freeland has pledged that the government will meet its fiscal targets in the upcoming federal budget, but economists say achieving that goal will be challenging as the deficit tracks higher. Amid mounting pressure to rein in spending, the Liberals unveiled new fiscal guardrails in the fall that aim to limit deficits. Among the government’s promises was that this year’s deficit will not exceed $40.1 billion. In new reports previewing the federal budget, TD and Desjardins offer different takes on whether the government will meet its goal for the current fiscal year. TD says although the deficit appears to be tracking closer to $55 billion, it is projecting it will be capped at $40 billion. “I think the government has…

This content is for Yearly Subscription, Yearly Subscription – Corporate, Print Subscription Only, and Canada Print and Online members only.
Register
Already a member? Log in here

Add Your Voice

Is there more to this story? We'd like to hear from you about this or any other stories you think we should know about. Contribute your voice on our contribute page.