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Last Update: ،
2024/12/18
Time
04:44:48
Latest News:
President, Members of Presidential Leadership Council receive ambassadors of Group P3+2
Taiz Governor, UN Humanitarian Coordinator discuss plans for transition to sustainable development
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Latest News:
President, Members of Presidential Leadership Council receive ambassadors of Group P3+2
Taiz Governor, UN Humanitarian Coordinator discuss plans for transition to sustainable development
Ambassador Noaman, UK official discuss Yemen developments
Al-Mahrami confers with French Ambassador over cooperation to bring peace in Yemen
Al-Arada calls for further international support to help gov't doing its job
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:
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Canada's federal budget deficit rises to $61.9 billion
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