Canada's Finance Minister Chrystia Freeland declined to say on Tuesday whether the country would achieve its deficit target for the last fiscal year, fueling economists' expectations that the Liberal government missed its target.

Canadian Finance Minister Chrystia Freeland said the government will keep its goal of reducing its debt-to-GDP ratio over time, but sidestepped questions about the size of the budget deficit.

Finance Minister Chrystia Freeland is promising her government has met its fiscal anchor of a declining debt-to-GDP ratio for the 2023-24 fiscal year, but would not confirm if it hit its deficit pledge ,

Canada will meet the 2023-2024 debt-to-GDP target it set in the federal budget in April, Finance Minister Chrystia Freeland said on Tuesday, but declined to say whether the budget deficit would be bigger than planned.

Finance Minister Chrystia Freeland is not committing to meeting the $40.1-billion deficit target she set for the government last year.