Canada's Quebec province forecasts C$4 billion budget deficit

By - Reuters

TORONTO (Reuters) - Canada's Quebec on Tuesday forecast a C$4 billion ($2.9 billion) budget deficit for fiscal 2023-24, narrowing from an expected C$5 billion in 2022-23.

The mostly French-speaking province is expecting to balance the budget in 2027-28 even as it forecasts economic growth to slow to just 0.6% in the 2023 calendar year.

($1 = 1.3710 Canadian dollars)

(This story has been corrected to say that growth forecasts reflect calendar year, not fiscal year, in paragraph 2)

(Reporting by Fergal Smith; Editing by Lisa Shumaker)