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Deficit likely now at least $260 billion: PBO

May 26, 2020 - All News

Parliamentary Budget Officer Yves Giroux waits to appear before the Commons Finance committee on Parliament Hill in Ottawa on March 10, 2020. Parliament's spending watchdog says the estimated federal deficit for the year has likely risen to about $260 billion with new spending measures rolled out in recent weeks. Budget officer Yves Giroux made the comment during an appearance before a Senate committee, which will hear from Bank of Canada governor Stephen Poloz later today. THE CANADIAN PRESS/Adrian Wyld

Federal deficit likely now at $260 billion due to COVID-19, PBO says

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