Feds’ fiscal snapshot puts deficit at more than $340-billion, with promise of an update in fall

Finance Minister Bill Morneau says a decision on whether the government intends to release a full budget in the fall will be dependent on efforts at managing the pandemic and its economic fallout.

Finance Minister Bill Morneau says the 'level of our effectiveness together in getting back to work will very much determine the next steps.' The Hill Times photograph by Andrew Meade

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BY BEATRICE PAEZ

July 8, 2020

Finance Minister Bill Morneau unveiled a plan on Wednesday for managing the unprecedented levels of spending aimed at buffering the economic shock of the pandemic, projecting a deficit of more than $300-billion and promising another update in the fall.

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