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The fall economic statement projects the federal deficit at $36.4 billion in 2022-23, down from the $52.8 billion forecast in the April 2022 federal budget. The latest fiscal picture also projects that federal coffers could be back to balance by 2027-28.
www.ctvnews.ca
Risk of recession rising, deficit projected at $36.4B in 2022-23: fall economic statement
The federal government's fall economic update makes it clear that while the deficit is declining, the risk that Canada enters into a recession is rising.
