Canada budget projects deficit falling to C$27.4 billion in 2018/19



Canada's federal budget projected a deficit of C$28.5 billion ($21.4 billion) in 2017-18 falling to C$27.4 billion in 2018-19, Finance Minister Bill Morneau said on Wednesday.


It did not forecast a date for return to a balanced budget.


The budget projections include a C$3.0 billion adjustment for risk in each fiscal year, Morneau said.

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