Ottawa's fiscal books continue to improve, deficit lower than expected
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OTTAWA — The federal deficit for the year just finished will come in lower than the $40.5 billion predicted in March's budget, Ottawa says.
Just how much lower won't be known for sure until the fall, but analysts expect it could be at least $1 billion to the good once the final accounting has been completed.
The assessment about the deficit is contained in the Finance Department's monthly update of the government's books, which sets the preliminary standing on the deficit at $34.4 billion for the fiscal year 2010-11.
Ottawa's fiscal books continue to improve, deficit lower than expected
