Freeland promises long-awaited deficit update next week

The finance minister’s long-awaited announcement comes after goading from Pierre Poilievre

OTTAWA — Federal Finance Minister Chrystia Freeland will give Canadians an updated look at the country’s books next week as the government deals with economic headwinds and some big-spending new initiatives.

“I look forward to presenting the next steps in our economic plan to deliver a good middle-class life for everyone,” Freeland said in a press release that announced the government’s fall economic statement would be revealed on Dec. 16.

Freeland’s address will be closely watched as experts, including Parliamentary Budget Officer Yves Giroux, have speculated that the government will not be able to meet its previous commitment to keep the deficit below $40 billion in 2023-24.

Freeland will deliver the update on the House of Commons’ second-to-last sitting day of the year.

National Post
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