Canada budget deficit over first ten months of 2023/24 grows to C$25.7 bln:
reuters.com/world/americas/canada-budget-deficit-over-first-ten-months-202324-grows-c257-bln-2024-03-22/
Quick Glance: Canada's Budget Deficit Grows to C$25.7 bln
- Canada recorded a significantly higher budget deficit of C$25.7 billion in the first ten months of the 2023/24 fiscal year as government expenditures outpaced revenues.
- Program expenses, including salaries of government employees, grants, subsidies, and capital expenditure, increased by 6.7% in all major spending categories.
- Public debt charges surged by 35.9%, primarily due to higher interest rates.
- Year-to-date revenues increased by 3%, mainly driven by higher personal income tax revenue and other taxes and duties.
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| Last Updated | Mar 22 |
| Total Articles | 1 |
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