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Last Update: ،
2025/10/02
Time
04:00:17
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Latest News:
Minister of Interior discusses with British Ambassador enhancing cooperation in security field
Russian President Vladimir Putin Appoints New Ambassador to Yemen
Presidential Council Member Meets US Ambassador to Yemen
Basuhaib discusses with UNICEF, international partners interventions to combat malnutrition
Agriculture Ministry Deputies and French Ambassador Discuss Support for Agriculture and Fisheries Sectors
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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