60 billion instead of 40 billion .. poor kids in the futur , they don't stand a chance .. we are so skrewed it's not even funny anymore .. " don't worry the budget will balance itself " ... and we elected him ? ... GLTA
The deficit for the fiscal year ended in March came in at $61.9 billion, blowing past the government's original projection, according to Reuters.
Part of that is because the government expects to record expenses of approximately $16.4 billion related to Indigenous contingent liabilities and $4.7 billion related to the COVID-19 pandemic.
Without booking these expenses, the deficit would have been roughly $40.8 billion, Reuters said, still higher than the government forecast of $40 billion.
Fall economic statement released, shows larger-than-expected deficit
The deficit for the fiscal year ended in March came in at $61.9 billion, blowing past the government's original projection, according to Reuters.
Part of that is because the government expects to record expenses of approximately $16.4 billion related to Indigenous contingent liabilities and $4.7 billion related to the COVID-19 pandemic.
Without booking these expenses, the deficit would have been roughly $40.8 billion, Reuters said, still higher than the government forecast of $40 billion.