OTTAWA — The parliamentary budget officer says he expects the upcoming fall budget will reveal a sharp increase in Ottawa’s annual deficit to $68.5 billion this year, up from $51.7 billion last year.

Interim PBO Jason Jacques also forecasts in a new report that federal debt-to-GDP is no longer on a declining path over the medium term — previously a key fiscal anchor for the federal government.

More coming.

Craig Lord, The Canadian Press

Share this story:

7-6

See Full Page