Budget watchdog projects $50.1-billion deficit for fiscal year ending March 31

Open this photo in gallery: Parliamentary Budget Officer Yves Giroux waits to appear before the Standing Committee on National Security, Defence and Veterans Affairs at the Senate in Ottawa, June 3, 2024.Spencer Colby/The Canadian Press Parliamentary Budget Officer Yves Giroux is projecting the federal deficit for the fiscal year ending March 31 will be $50.1-billion, providing an updated forecast ahead of a likely election campaign. The PBO released its outlook Wednesday, a report that provides an independent assessment of economic and fiscal trends. According to the report, the deficit for the current fiscal year will be $50.1-billion, followed by a…