Not exact matches
This affected not only the current
year's fiscal estimates but the
projections for the
outer years as well, given that they are projected on the current
year's base.
This reflects the Bank of Canada's
projections for sharply lower real GDP growth in 2015, and slight increases in real GDP growth in
outer years versus budget forecasts, as excess capacity from the recession is recovered.
The Update and the Annual Financial Report list a number of accounting changes and accrual adjustments affecting the outcome for 2009 - 10 and
projections for the
outer years.
Even so, the Finance
projections were actually far more optimistic in the
outer years than those released earlier by the Parliamentary Budget Officer (PBO).