The Canadian federal budget for fiscal year 2016-2017 was presented to the

House of Commons of Canada The House of Commons of Canada (french: Chambre des communes du Canada) is the lower house of the Parliament of Canada. Together with the Crown and the Senate of Canada, they comprise the bicameral legislature of Canada. The House of Commo ...

Finance Minister A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", ...

Bill Morneau William Francis Morneau Jr. (born October 7, 1962) is a Canadian businessman and former Liberal Party politician who served as minister of finance and member of Parliament (MP) for Toronto Centre from 2015 to 2020. Morneau was executive chai ...

on 22 March 2016. The deficit was projected to be $29.4 billion for the fiscal year 2016–2017, however this was adjusted to $17.8 billion by end of March 2017. This was later adjusted to $19.0 billion after reflecting a change in the discount rate methodology used to determine the present value of the Government's unfunded pension obligations. The Auditor General's recommendations resulted in revisions to 10 years' worth of budget numbers. The budget also forecast that the deficit would shrink to $14.3 billion four years later.

References

External links

2016 Budget
at

Department of Finance Canada The Department of Finance Canada (french: Ministère des Finances Canada) is a central agency of the Government of Canada. The department assists the minister of finance in developing the government's fiscal framework and advises the government o ...

Canadian budgets 42nd Canadian Parliament 2016 in Canadian politics

Canadian federal budget In Canada, federal budgets are presented annually by the Government of Canada to identify planned government spending and expected government revenue, and to forecast economic conditions for the upcoming year. They are usually released in Febru ...

federal budget {{Canada-gov-stub