The February 1995 budget presented economic and fiscal projections for 1995-96 and 1996-97. The government has stated it will not be doing medium term projections because of the uncertainties involved. Instead, it is committed to put out two year rolling deficit targets and taking whatever actions are required in order to ensure those targets are met. By doing so the federal government will be moving on a firm path toward the government's ultimate goal of balancing the budget.
Interest costs projections for 1995-96 and 1996-97 were presented in the budget. Interest costs are projected at $49.5 billion for 1995-96 and $50.7 billion for 1996-97.
Question No. 206-