Canada's federal budget deficit will be billions of dollars deeper than it was supposed to be this year and next, according to the Finance Department.
The figures released this morning show that the Liberals' projected deficit of $19.8 billion for the 12-month period that ends in March is now slated to hit $26.6 billion.
And next year's deficit is expected to be $28.1 billion, before accounting for promises the Liberals will unveil in their 2020 budget.
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