Subscribe
Israel-Hamas Conflict
Volleyball
Donald Trump
US Economy
Kamala Harris
Soccer
Election Day
Hurricanes
US Politics
Republican Party
Halloween
Fox News
US Presidential Election
Published

PBO projects deficit exceeded Liberals’ $40B pledge, economy to rebound in 2025

  • The federal government likely exceeded its promised $40 billion deficit cap by posting a $46.8 billion deficit for the 2023-24 fiscal year, according to the Parliamentary Budget Officer.
  • The Parliamentary Budget Officer forecasts a slight decrease in the deficit to $46.4 billion for the 2024-25 fiscal year, assuming no new measures are announced.
  • Economic growth is predicted to rebound in 2025, with a 2.2 percent increase in real gross domestic product, compared to a projected 1.1 percent for 2024.
Insights by Ground AI
Does this summary seem wrong?
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 55% of the sources lean Left
55% Left
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)

Similar News Topics

Ontario PoliticsOntario Politics
Canadian EconomyCanadian Economy
EconomyEconomy
PoliticsPolitics
Canadian PoliticsCanadian Politics
Ottawa, OntarioOttawa, Ontario

You have read out of your 5 free daily articles.

Join us as a member to unlock exclusive access to diverse content.

Trending Topics
Ground News logo
App Store IconPlay Store Icon
CompanyAboutHistoryMissionBlogTestimonialsGroup SubscriptionsSubscribeGiftFree TrialCareersAffiliates
HelpHelp CenterFAQContact UsFor Educators/LibrariesMedia Bias RatingsOwnership and Factuality RatingsReferral CodeNews SourcesTopics
ToolsAppBrowser ExtensionDaily NewsletterBlindspot Report NewsletterBurst Your Bubble NewsletterTimelines
DonatePrivacy PolicyManage CookiesTerms and Conditions
© 2024 Snapwise Inc
News
For You
Search
BlindspotLocal