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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.
PC: 24 : 1989 Canadian federal budget None [note 2] 1989–90 27 April 1989 1990 Canadian federal budget None [note 2] 1990–91 20 February 1990 1991 Canadian federal budget None [note 2] 1991–92 26 February 1990 1992 Canadian federal budget None [note 2] 1992–93 25 February 1992 Don Mazankowski PC: 1993 Canadian federal budget None [note ...
In November 2023, Freeland promised a 2023-24 deficit at or below C$40.1 billion ($28.17 billion), to reduce the debt-to-GDP ratio in 2024-25 below 42.4% and to keep it declining.
Canada recorded a slightly lower C$14.50 billion ($10.09 billion) budget deficit for the first seven months of the 2024/25 fiscal year compared to the previous year as revenues grew faster than ...
By March 2022, food banks across Canada recorded nearly 1.5 million visits, marking an all-time high, with approximately 2.8 million Canadians living in poverty by September 2023. [35] A comprehensive Food Banks Canada report stated that multiple factors, including the COVID-19 pandemic, the economic consequences of the Russian invasion of ...
In a fiscal update, the finance ministry forecast the deficit would be C$144.5 billion in fiscal 2021/22, down 6.6% from the C$154.7 billion forecast in April, as tax revenues increased and less ...
The budget's main goal is to reduce Canada's debt-to-GDP ratio, mostly through a review of all government spending. Our ability to spend is not infinite. The time for extraordinary COVID support is over.
OTTAWA (Reuters) -Canada's Finance Minister Chrystia Freeland declined to say on Tuesday whether the country would achieve its deficit target for the last fiscal year, fueling economists ...