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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.
In Canada, federal budgets are ... 2023–24 28 March 2023 C-47: Royal Assent (22 June 2023) 177 / 323 (55%) 146 / 323 (45%) 2 2024 Canadian federal budget Fairness ...
As of March 2022, Canada's DBRS AAA credit rating was maintained in response to expectations of the decline in the federal fiscal deficit 14.6% of GDP in FY 2020–2021 to 2.2% in FY 2022–2023. [ 8 ]
Canada's budget deficit for the first six months of the 2024-25 fiscal year jumped by more than a half to C$13.01 billion ($9.28 billion) as program expenses and debt payment costs rose faster ...
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 ...
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 ...
A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
Canada's most populous province and industrial powerhouse is projected to run a deficit of C$10.3 billion ($7.7 billion) in fiscal 2019-20, which began on April 1, including a C$1 billion reserve. ...