Saturday, 2 April 2016

Federal Budget Deficit 2017

What will be the federal government budget deficit for the 2017-2018 fiscal year, according to the 2017-2018 budget as originally tabled?
Less than $20 billion: 15%
Between $20 and $30 billion: 20%
Between $30 and $40 billion: 30%
More than $40 billion: 35%

The 2016 budget projects a $29 billion budget deficit in 2017 (see link here).   The government's economic estimates seem to be somewhat pessimistic, but they might continue to be so for the actual budget.  In addition, the government might increase spending more than current projections indicate.  I think the deficit is more likely than not to be larger than forecast.

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