PBO projects deficit exceeded Liberals’ $40B pledge, economy to rebound in 2025
- The federal government likely exceeded its promised $40 billion deficit cap by posting a $46.8 billion deficit for the 2023-24 fiscal year, according to the Parliamentary Budget Officer.
- The Parliamentary Budget Officer forecasts a slight decrease in the deficit to $46.4 billion for the 2024-25 fiscal year, assuming no new measures are announced.
- Economic growth is predicted to rebound in 2025, with a 2.2 percent increase in real gross domestic product, compared to a projected 1.1 percent for 2024.
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Coverage Details
Total News Sources0
Leaning Left6Leaning Right3Center2Last UpdatedBias Distribution55% Left
Bias Distribution
- 55% of the sources lean Left
55% Left
L 55%
C 18%
R 27%
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