PBO projects ‘sluggish’ economic growth this year, with $11.5-billion increase in budgetary deficit in 2023-24

Former parliamentary budget officer Kevin Page says some observers are concerned about the loss of 'fiscal room' because of debt generated during the pandemic.

Parliamentary Budget Officer Yves Giroux's office released a report that found 'restrictive monetary policy is expected to restrain growth in consumer spending in the first half of the year and to dampen residential investment over the course of this year.'The Hill Times photograph by Sam Garcia

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BY MIKE LAPOINTE

March 7, 2024

The Parliamentary Budget Office has projected that economic growth will “remain sluggish through 2024” due to restrictive monetary policy, and that the budgetary deficit is projected to rise to $46.8-billion in 2023-24 from $35.3-billion in 2022-23, something which econo...

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