On 27 February 2018, the Federal Government presented its third budget: Equality + Growth: a Strong Middle Class.
In addition, for your convenience, here is an even shorter executive summary of the 2018 Federal Budget:
The Federal Government’s 2018 Budget touts Canada’s strong economic growth over the past two years, including real GDP growth of 3.2 per cent since the second quarter of 2016, an unemployment rate of 5.9 per cent, and significant improvements in average weekly earnings, consumer confidence, and household consumption. The Finance Minister expects similar growth in the near-term.
The Finance Minister has not set a timeline for balancing the budget, but has substantially reduced the projected annual deficits through 2022–23 and expects the net debt-to-GDP ratio to decline over the period as well. The previously projected deficit for 2017–18 was $28.5 billion and now sits at $19.4 billion. Similarly, the projected deficit for 2021–22 was $18.8 billion and has been revised down to $13.8 billion. The federal debt-to-GDP ratio is currently 30.4 per cent and is projected to decline to 28.4 per cent by 2022–23.