July 2020
PLANNING FOR A FALL BUDGET
The government has been under pressure for some time to provide an economic and fiscal update. Everyone was aware of the huge increase in spending that had been incurred to assist Canadians during the Covid-19 pandemic and the impact it would have on the deficit for this fiscal year. The Parliamentary Budget Office (PBO) had been releasing forecast updates of the deficit for 2020-21 on a regular basis.
