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Friday, November 22, 2024
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Canada’s pandemic spending ‘barely sustainable,’ says PBO, projecting $328.5-billion deficit

'Anybody who listened to the Speech from the Throne is very well aware that [new government programs are] a possibility, which is not included in our outlook,' Parliamentary Budget Officer Yves Giroux told reporters.

Parliamentary Budget Officer Yves Giroux, pictured on Tuesday, says any extension of containment or lockdown measures 'would further weigh' on the country's deficit figures, which his office pegs at $328.5-billion for the 2020-21 fiscal year. Photograph courtesy of Office of the Parliamentary Budget Officer screengrab
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BY PALAK MANGAT
September 29, 2020
News | BY PALAK MANGAT | September 29, 2020

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