Monday, 14 December 2015

Federal Budget Deficit

Will the 2016 federal budget deficit be larger than $10 billion?
Yes: 70%
(For the purpose of this question, the initial announced deficit is all that matters)

During the recent federal election campaign, the Liberals promised to run a deficit of no more than $10 billion.  The Liberal government has recently have recently backed away from that promise somewhat (see article here).  Given the current stance of the government, it seems unlikely that the deficit will be less than $10 billion.  Good economic news, or a significant increase in the price of oil, could change this.

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