The Canadian Press

2015-11-10 | PBO Budget Balance

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The federal budget watchdog is predicting the Trudeau government will have to contend with bigger-than-expected baseline deficits in the coming years as it rolls out its promised spending plans. Canadian Press reporter Terry Pedwell says the parliamentary budget office has downgraded its economic outlook for Canada as the country grapples with weaker growth and lower revenues. (Without factoring in those election promises, the PBO says it expects shortfalls of three billion dollars next year, and deficits in the range of four-and-a half to five billion dollars in each of the following three years.)

Date: 2015-11-10
Placeline: OTTAWA.
Source: The Canadian Press
Length: 15 seconds

Transcript Prediction: << the Parliamentary budget office is now forecasting a 1.2 billion dollar Surplus in the current fiscal year but says it will be followed by four straight deficit the budget office says its predictions do not take into account the fiscal impact of any measures in the liberal governments election platform >>


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