The Canadian Press

2015-07-22 | PBO Fiscal Update Mulcair

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The Bank of Canada's latest economic forecast puts the federal government on track to run a one-billion-dollar deficit in 2015-16. That's according to a new analysis by the Parliamentary Budget Office. Public Safety Minister Steven Blaney insists the Harper government will still come through with a surplus. (The PBO factored in positive offsets that have appeared since the release of the spring budget -- lower interest rates and higher gross domestic product inflation. Their projections also use up the government's billion dollar annual reserve set aside for contingencies.)

Date: 2015-07-22
Placeline: OTTAWA.
Source: The Canadian Press
Length: 17 seconds

Transcript Prediction: << well we are on track to a fiscal a balance the budget and asked if we look at the last two months we have seen the important surpluses are demonstrating that we will reach our objective >>


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