The federal budget applies to the fiscal year between April 1, 2016 and March 31, 2017, and forecasts for revenues and expenses for the following four fiscal years. The 2016 federal budget forecasts a shortfall (deficit) of $29.4 billion in the 2016-17 fiscal year, with a gradual decline to a $14.3 billion deficit in 2020-21.

ESPC Documents/Fact Sheets/FactSheetFederalBudgetWithLinks.pdf

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