Finance Minister Chrystia Freeland confirmed for the first time Wednesday that the Liberal government will be releasing a fiscal update this fall.
“We know how important it is to be transparent with Canadians about the public finances and to update regularly. We will release some form of fiscal update this fall and we’ll have more specifics to share with you in the coming days,” she said. A fiscal update is traditionally a restating of federal revenue and spending estimates that takes into account the latest available data and provides new forecasts for Ottawa’s bottom line. Fiscal updates occasionally are expanded into so-called mini budgets if they include new spending or tax announcements.
The Liberal platform that was released ahead of the September election projected a $156.9-billion deficit this year and a deficit of $62.6-billion in the following year. The platform said the debt to GDP ratio would decrease slightly from 51.2 per cent to 49.2 per cent over five years.
curryb Justinflation
What update? That the country's finances are f^^ked. We already know that.
An Update! So Much Mystique
In China, I cannot get justice for my father's death due to academic corruption caused by medical corruption, malfeasance in judicial, law enforcement agencies, government administrative departments and discipline inspection, and lack of conscience in media supervision.
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