Finance Minister Chrystia Freeland is steering the federal government’s finances back into deficit in a bid to ensure Canada gets a piece of a generational green transformation in the economy.
Freeland unveiled the 2023 budget Tuesday afternoon.
Last fall, she predicted that after years of sky-high, pandemic-driven deficits, the government would finally return to balance, gradually reducing deficits until moving into a $4.5 billion surplus in 2027. That previous surplus is now a $14 billion deficit.
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