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Freeland says feds will strike 'challenging' balance in fall budget update

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OTTAWA — Finance Minister Chrystia Freeland says the government's fall economic statement will focus on housing and affordability within a fiscally responsible framework.

In an news conference today, 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.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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