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Last Update: ،
2026/08/25
Time
02:17:45
Latest News:
Vice Foreign Minister Discusses Cooperation with UNDP Representative
Yemen Participates in Preparatory Meeting for 63rd Human Rights Council Session
Armed Forces Inflict Heavy Losses on Houthi Militias in Taiz Fronts
Governor of Aden Praises Kuwait Support for Basic Services
Foreign Minister Receives Credentials of Ambassador Of Republic Of Korea
Latest News:
Vice Foreign Minister Discusses Cooperation with UNDP Representative
Yemen Participates in Preparatory Meeting for 63rd Human Rights Council Session
Armed Forces Inflict Heavy Losses on Houthi Militias in Taiz Fronts
Governor of Aden Praises Kuwait Support for Basic Services
Foreign Minister Receives Credentials of Ambassador Of Republic Of Korea
Canada's federal budget deficit rises to $61.9 billion
[17/12/2024 01:23]
OTTAWA-SABA
The Canadian government recorded a federal budget deficit of $61.9 billion during the fiscal year ending March 31, 2024.
According to Radio Canada International, Justin Trudeau's government did not hit the $40.1 billion ceiling for the federal budget deficit for the fiscal year (2023-2024), surpassing it by about $22 billion, to $61.9 billion.
The Canadian government attributed the spike in the deficit to $5.5 billion lower government revenue than expected when the budget was submitted, as well as additional $16.4 billion in expenditures pledged by the government in specific commitments.
The budget deficit for the current fiscal year (2024-2025) is expected to decrease to $48.3
The Canadian government recorded a federal budget deficit of $61.9 billion during the fiscal year ending March 31, 2024.
According to Radio Canada International, Justin Trudeau's government did not hit the $40.1 billion ceiling for the federal budget deficit for the fiscal year (2023-2024), surpassing it by about $22 billion, to $61.9 billion.
The Canadian government attributed the spike in the deficit to $5.5 billion lower government revenue than expected when the budget was submitted, as well as additional $16.4 billion in expenditures pledged by the government in specific commitments.
The budget deficit for the current fiscal year (2024-2025) is expected to decrease to $48.3
Key words:
According - International - expenditures - commitments - government - attributed - surpassing - additional - submitted - Trudeau's -
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