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

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Reuters OTTAWA

OTTAWA (Reuters) - 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.

(Reporting by Dan Burns and Leah Schnurr; Editing by Lisa Shumaker)

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First Published: Mar 23 2017 | 2:58 AM IST

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