Prime Minister, Salim bin Braik, sent a condolence message to Qatar's Prime Minister and Foreign Minister, Sheikh Mohammed bin Abdulrahman Al Thani, regarding the tragic car accident in Sharm El-Sheikh, Egypt, that killed several Qatar Amiri Diwan officials and injured others.
Gold prices rose today, Friday, heading towards achieving weekly gains for the eighth consecutive time, driven by strong demand for safe-haven assets amid ongoing geopolitical and economic uncertainty.
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