OTTAWA — The federal finance minister is standing by his government’s projections after Ottawa’s budgetary watchdog cast doubt on Ottawa’s ability to hit a key fiscal anchor.
Parliamentary Budget Officer Annette Ryan on Thursday released her office’s first economic and fiscal update since she assumed the role in April.
Ryan predicts annual deficits will average $4.6 billion higher than Ottawa projected in its spring economic update.
The budget office expects the deficit for this fiscal year will edge down to $71.8 billion — about $6.5 billion higher than Ottawa’s spring projection.
Ryan argued in the report that annual deficits will be deeper than Ottawa expects, mainly because of lower
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