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  • Federal Budget

    April 07, 2022 | 18:18

    FY22/23: Getting the “House” in Order

    Economist
    profile photo of Robert Kavcic

    Robert Kavcic

    Senior Economist and Director
    Economics

    Robert has been with the Bank of Montreal since 2006. He plays a key role in analyzing regional economic, fiscal... (Read more)

    profile photo of Douglas Porter

    Douglas Porter , CFA

    Chief Economist and Managing Director
    Economics

    Douglas Porter has over 30 years of experience analyzing global economies and financial markets. As Chief Econom... (Read more)

    profile photo of Robert Kavcic

    Robert Kavcic

    Senior Economist and Director
    Economics

    Robert has been with the Bank of Montreal since 2006. He plays a key role in analyzing regional economic, fiscal... (Read more)

    profile photo of Douglas Porter

    Douglas Porter , CFA

    Chief Economist and Managing Director
    Economics

    Douglas Porter has over 30 years of experience analyzing global economies and financial markets. As Chief Econom... (Read more)

    More
    Key Summary
    • Budget deficit falls to $52.8 billion in FY22/23, from $113.8 billion last year

    • Debt/GDP tracks steadily lower, from 45.1% this year to 41.5% by FY26/27

    • Net new stimulus of $7.4 billion this year; $29 billion over five years

    • Full slate of measures aimed at housing supply and demand

    • Economic assumptions are behind the curve, but risk around fiscal profile looks balanced

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