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Last Update: ،
2025/11/17
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12:25:34
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Latest News:
Leadership Council listens to Prime Minister's report on progress of reform process, welcomes findings ..
Deputy Speaker of Shura Council Meets Chinese Chargé d'Affaires
Fourth Phase of Artificial Joint Implant Project Concludes at Marib Hospital
Yemen Participates in 12th Arab Constitutional Courts Union Meeting in Rabat
Ambassador Al-Manhali Meets UAE Deputy Minister of Defense.
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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