Bump, looks like the fiscal update is out.
http://www.cbc.ca/news/politics/morn...dget-1.3458207
Quote:
he Liberal government is now forecasting larger-than-expected deficits for the next two years even before adding billions in promised spending in its first budget, which will be tabled on March 22. Finance Minister Bill Morneau said Monday that the government will post a smaller than projected deficit of $2.3 billion for 2015-16, down from the $3-billion deficit projected in November's fall fiscal update.
But that deficit will balloon to $18.4 billion in 2016-17 and $15.5 billion in 2017-18 — and that is before any new spending Morneau outlines in the March budget. Those numbers are drastically different from the $3.9-billion and $2.4-billion shortfalls forecast just three months ago.
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Maybe writing multi billion dollar checks to the UN was a bad idea.
Rumor is that Alberta shouldn't expect much help in the next budget besides the $300 million from the stabilization fund.