Freeland silent on meeting $40.1-billion federal deficit pledge in upcoming fiscal update
In last year’s fall fiscal update, Freeland made three pledges for Canada’s finances. The fiscal anchors included keeping the deficit for the 2023-24 fiscal year at or below $40.1 billion, lowering the debt-to-GDP ratio in 2024-25 and keeping deficits below one per cent of GDP in 2026-27 and in future years.