Finance Minister Chrystia Freeland says the government’s fall economic statement will focus on housing and affordability within a fiscally responsible framework.
In a news conference on Oct. 24, Freeland acknowledges it will be a challenging balance to strike, but says the Liberals are committed to it.
The federal government’s financial statements were published today, revealing the deficit for the 2022-23 fiscal year came in at $35.3 billion.
That’s $7.7 billion lower than projected in the spring budget.
The federal government is facing pressure to rein in spending after the COVID-19 pandemic, particularly as the economy slows.
However, it is also facing considerable pressure to address the national housing crisis, as polling shows support for the governing Liberals is taking a hit.
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