91.5FM
91.5HD2
8.85 c91.5 FM
91.5 HD2
Federal economic and fiscal 'snapshot' coming July 8: Trudeau
BY , Jun 17, 2020 3:37 PM - REPORT AN ERRORLAST UPDATED ON Jun 17, 2020 3:52 PM
Prime Minister Justin Trudeau is seen during a news conference at Rideau Cottage in Ottawa. THE CANADIAN PRESS
Prime Minister Justin Trudeau is promising to deliver a "snapshot" of the federal government's finances in the House of Commons July 8.
The Liberals were supposed to present a full budget for 2020 in March but postponed it indefinitely when the COVID-19 pandemic struck.
Trudeau has said uncertainty from the pandemic makes meaningful forecasts impossible.
Revenues have plunged and expenses have soared as millions of workers stopped earning incomes as their workplaces shut down, and started collecting benefits instead.
Trudeau says the situation demanded the biggest government response in our lifetimes.
That's sent estimates of the federal deficit into orbit, to $250 billion or more.
Share on
Related News
Sign up for the newsletter
We'll deliver best of entertainment right into your inboxWe love to hear from our listeners, so feel free to send us message
Message us on whatsapp
