OTTAWA – A look at the federal government’s latest economic update, by the numbers:
— Deficit to rise to $25.1 billion this year, from the $23.4 billion forecast in last spring’s federal budget.
— Deficit to rise to $27.8 billion in 2017-18.
— Deficit to shrink to $14.6-billion in 2021-22.
— Deficits to total $114.9 billion between 2016-17 and 2020-21, compared with $83.3 billion in shortfalls predicted last spring.
— Government to establish infrastructure bank using $15 billion in cash, taken from extra money outlined in the economic statement, to pay for projects that may not turn a profit, and another $20 billion in seed capital that would go out in loans.
