March 22, 2017 / 8:53 PM / 8 months ago

Canada budget projects deficit falling to C$27.4 bln in 2018/19

OTTAWA, March 22 (Reuters) - Canada’s federal budget projected a deficit of C$28.5 billion ($21.4 billion) in 2017-18 falling to C$27.4 billion in 2018-19, Finance Minister Bill Morneau said on Wednesday.

It did not forecast a date for return to a balanced budget.

The budget projections include a C$3.0 billion adjustment for risk in each fiscal year, Morneau said.

$1 = 1.3322 Canadian dollars Reporting by Dan Burns and Leah Schnurr; Editing by Lisa Shumaker

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