Revenues in 2018-19 expanded by $21 billion - or 6.7 per cent - compared to the previous year, said the report released Tuesday.

Prime Minister Justin Trudeau's government is projecting a $19.8-billion deficit for the 2019-20 fiscal year.

Finance Minister Bill Morneau has promised the budget will focus on ways to help improve housing affordability for Canadians, and particularly for millennials, who are now in their mid-20s to late-30s.