The 2017-18 budget sees the federal government trying to boost the economy beyond the slow growth of previous years while wrestling with large annual deficits.
The government is expected to increase spending over the near term through substantial growth in its program spending and transfers to other levels of government for infrastructure. The Conference Board projects an estimated deficit of $28.9 billion in fiscal 2017–18, slightly higher than the government’s estimate of $27.8 billion. Our projections show the federal government still facing an operating shortfall of $15 billion in 2020–21.
In this special 60-minute webinar that takes place just hours after the federal government tables its budget, Craig Alexander will discuss the implications of the measures presented in the budget, including:
- Spending Initiatives
- Fiscal Outlook
- Impact on Economic Growth
The analysis is based on the Conference Board’s unique capacity to assess the budget and provide clients with leading-edge insights. Craig will put the new budget measures in the context of the Conference Board’s latest global, national and provincial outlooks.