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A financial firm says the federal government should be preparing for the worst, instead of hoping for the best.
Desjardins’ analysis of the federal budget was released on Tuesday.
The report says it came as no surprise that the projected deficit is bigger than this time last year.
Desjardins says it’s another large spending plan, but they welcome a more conservative economic outlook than the last budget.
They say larger deficits and higher debt levels are likely, and that’s without new spending going forward.
Desjardins says the financial risks of the budget remain to the downside.
You can read the full report here.
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