. Canadian Minister of Finance, Chrystia Freeland, presented the federal government's first budget in over two years in the House of Commons on April 19, 2021. According to the budget, the federal government is projecting a budgetary deficit of $354.2 billion for the fiscal year 2020-2021. Based on the information presented, which of the following is a statement that you DISAGREE with? Explain why. 1. To effectively deal with the budgetary deficit and reduce it, the federal government will need to decrease taxes and increase transfers payments and other expenditures. 2. Over the fiscal period indicated, Canadian federal government expenditures exceeded revenues. 3. To reduce the deficit the federal government will need to decrease expenditures and/or increase taxes