Economy to 'stagnate,' federal deficit expected to balloon to $46.5B this year: PBO

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

OTTAWA — The parliamentary budget officer says higher interest rates will lead the economy to stagnate in the second half of the year and the federal deficit...

OTTAWA — The parliamentary budget officer says higher interest rates will lead the economy to stagnate in the second half of the year and the federal deficit will rise significantly this fiscal year.

Faced with slower growth in government revenues and higher expenses, the federal deficit is projected to rise to $46.5 billion in 2023-24, up from an estimated $38.7 billion for 2022-23. Trump Org CFO Allen Weisselberg testifies it's a 'coincidence' that Trump is paying him $2 million severance The Trump 'haircut': Yes, Deutsche Bank really used this term in reducing what Trump said he was worth

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in LOANS

Loans Loans Latest News, Loans Loans Headlines