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.