Business group doubts Trudeau can meet new 1% GDP deficit target by 2026
• Business group says Trudeau government unlikely to meet 1% GDP deficit target by 2026 • Deficits have averaged 1.4% of GDP from 2017-2022, higher than new 1% goal • Reaching target requires much stronger economic growth or substantial spending cuts • Trudeau government has missed past fiscal targets, hurting credibility • With election coming in 2025, spending pressures will mount