Such implicit or explicit assumptions invariably lead to unintended consequences.
Total provincial government deficits will reach an estimated $63.0 billion this year.
Federal deficit estimates range from $100 billion to $200 billion for fiscal year 2020-21.
According to current projections, the federal deficit will reach $26.6 billion this year.
The deficit is now pegged at $26.6 billion for 2019/20—$6.8 billion more than originally planned in last spring's budget.
The federal debt-to-GDP ratio increased from 30.8 per cent to 31.0 per cent.