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Canadian government fiscal year deficit cut in half

March deficit $44.41B vs $25.75B a year earlierCanada's federal government dramatically trimmed its budget deficit in 2022-23 but it still remains far above pre-pandemic levels. The $41.31B deficit for the complete fiscal year compares to $95.57B a year earlier. That's lower than the $43.1B estimated by the government.Revenues rose 8.6% while expenses fell 6.5% in part due to expiring covid measures.Canada's deficit for the current fiscal year is forecast at $40.1 billion (1.4% of GDP) but proj... Read More

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Canadian

Government

Fiscal

Year

Deficit

Half

Forex

Posted: May 26 2023, 15:29

Author Name: forexlive

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