Search results
Results from the WOW.Com Content Network
In Canada, federal budgets are ... In June, Parliament appropriates the full supply. Summary of budgets. This section needs expansion. ... 2023–24 28 March 2023
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.
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.
In August 2023, Canada's inflation rate reached four percent, primarily driven by increased gas prices. [35] Food inflation rates reached 8.5 percent. [36] In November 2024, Canada's annual inflation rate rose to 2.0% in October, exceeding analyst expectations and marking the first increase since May 2024. [37]
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 ...
Canada set out on Thursday C$11.3 billion ($8.2 billion) in new spending this year and next, and slashed its budget deficit forecast by nearly a third for the current fiscal year, in an economic ...
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.
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 ...