Fall economic statement: $61.9B deficit for 2023
- The Department of Finance reported a deficit of $61.9 billion for 2023-24 in the Fall Economic Statement.
- The projected deficit exceeds the $40.1 billion pledge by $21.8 billion, according to the Fall Economic Statement.
- The government’s economic plan focuses on 'generational investments', 'securing Canada’s AI advantage', 'overcoming geopolitical risks and uncertainty', and 'investments for the industrial transition'.
- The forecast may be overly optimistic due to potential tariffs from the U.S. and global economic uncertainty.
48 Articles
48 Articles
The outgoing Minister of Economic Affairs, Martin Kocher, believes that the turquoise-green government is innocent of the loss of competitiveness and defends the funding policy of recent years. Criticism by the SPÖ and FPÖ of the high budget deficit is "oblivious to history".
Liberals unveil massive deficit in last-minute economic statement after Freeland "resigns"
After removing Finance Minister Chrystia Freeland from her role, the Liberal government under Prime Minister Justin Trudeau released its fall economic statement on Monday, revealing a deficit far exceeding what they previously promised. Liberals unveil massive deficit in last-minute economic statement after Freeland “resigns” This economic update, which was tabled by Government House Leader Karina Gould rather than the usual Finance Minister Ch…
Trudeau BLOWS through his deficit guardrail
From the Canadian Taxpayers Federation By Franco Terrazzano The Canadian Taxpayers Federation is demanding spending cuts after the federal government broke through its own budget guardrail by running massive deficits and wasting $1 billion every week on debt interest charges as outlined in today’s Fall Economic Statement. “Prime Minister Justin Trudeau went $20 billion over budget with his deficit,” said Franco Terrazzano, CTF Federal Director. …
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. 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. Freeland abruptly resigned as finance minister Monday morning – hours before she was supposed to table the economic statement – citing policy…
Fall Economic Statement Shows Deficit Reached $62 Billion, Overshooting Limit by $20 Billion
The federal government tabled its Fall Economic Statement amid a chaotic day in Ottawa, showing the federal deficit for the 2023 fiscal year has grown to $61.9 billion. While former Deputy Premier and Finance Minister Chrystia Freeland had pledged in the previous Fall Economic Statement to keep Canada’s deficit below the $40.1 billion target, the government overshot this number by $21.8 billion. The document said the deficit would have been $40.…
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