Canada budget deficit over first four months of 2024/25 jumps to C$7.3 billion

Budget Deficit News

Canada budget deficit over first four months of 2024/25 jumps to C$7.3 billion
Finance MinistryCanadaGovernment Expenditures
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Canada recorded a sharply higher C$7.29 billion ($5.41 billion) budget deficit for the first four months of the 2024/25 fiscal year as government...

OTTAWA, Sept 27 - Canada recorded a sharply higher C$7.29 billion budget deficit for the first four months of the 2024/25 fiscal year as government expenditures grew faster than revenues, the finance ministry said on Friday.

Program expenses rose 13.5% on increases across all major categories of spending. Public debt charges jumped by 28.8% largely because of higher interest rates, the ministry said.On a monthly basis, Canada posted a deficit of C$4.41 billion in July, compared with a C$4.86 billion deficit in July 2023.California man faces federal charge in courthouse bomb explosionMorning Brief Hosts Seana Smith and Madison Mills check in on some of Yahoo Finance's trending tickers.

The former first lady described her only son as an "incredible young man" during a rare sit-down interview with Fox Newsgoeasy Ltd. , , one of Canada's leading consumer lenders focused on delivering a full suite of financial services to Canadians with non-prime credit, is pleased to announce it has ranked on the 2024 Report on Business magazine's list of Canada's Top Growing Companies, based on three-year cumulative revenue growth.

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