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About: 2017 Canadian federal budget     Goto   Sponge   NotDistinct   Permalink

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The Canadian federal budget for fiscal year 2017–2018 was presented to the Canadian House of Commons by Finance Minister Bill Morneau on March 22, 2017. The deficit was initially projected to be $28.5 billion, including a $3 billion adjustment for risk. This was later adjusted to $19.0 billion after reflecting a change in the discount rate methodology used to determine the present value of the Government's unfunded pension obligations. The Auditor General's recommendations resulted in revisions to 10 years' worth of budget numbers, which included turning the slim surplus the previous Conservative government left in 2014-15 into a small deficit.