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The Canadian federal budget for the fiscal years of 2023–24 was presented to the House of Commons by Finance Minister Chrystia Freeland on 28 March 2023. [2] The budget was meant to reflect Prime Minister Justin Trudeau's stated policy objective to "make life more affordable for Canadians" [3] while also reducing government expenditures.
2020 Canadian federal budget: 2020–21 — Never presented Postponed and combined into the following year's budget due to the COVID-19 pandemic: 2021 Canadian federal budget A Recovery Plan for Jobs, Growth, and Resilience: 2021–22 19 April 2021 Chrystia Freeland Liberal: C-30: Royal Assent (29 June 2021)
During 2011–2019, Canada matched U.S. growth rates at 2.2% annually, exceeding other G7 nations. However, in the 2020-2022 period, Canadian growth declined to 1.1%, falling behind the U.S. rate of 1.7%. Despite these, Canada maintained strong headline growth through immigration and population expansion. [7]
The COVID-19 pandemic had forced the Justin Trudeau government to introduce a large number of federal aid programs to deal with the economic impact of the crisis.As a result, Canada's debt-to-GDP ratio increased in 2020 and 2021.
The US budget deficit soared in fiscal year 2023, which will likely complicate Congress’ efforts to come to a federal spending deal before government funding runs out next month.
Last week's news that the United States hit the federal debt ceiling prompted the usual worries about its impact on government services and the economy, but it was hardly groundbreaking. Since ...
The federal budget deficit rose to $1.7 trillion in fiscal 2023, according to data released Friday by the Treasury Department. The gulf between how much money the federal government spent and made ...
‹ 2023 2025› The Canadian federal budget for the fiscal years of 2024–25 was presented to the House of Commons by Finance Minister Chrystia Freeland on 16 April 2024. [ 1 ]