Chrystia Freeland to present federal budget on April 16

WNews 1 Min Read

Canadians will get a look at the federal finances when Deputy Prime Minister Chrystia Freeland tables her budget on April 16.

The government has been trying to rein in spending after years of big COVID-era budget deficits that more than doubled the national debt to roughly $1.2 trillion — a debt load that is costing Ottawa tens of billions of dollars a year to finance in an era of higher interest rates.

Freeland’s fall economic statement projected a budget deficit of $38.4 billion for the upcoming 2024-25 fiscal year. That number could move higher — or lower — depending on how the government

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