Economy 53,059 Posted June 7, 2019 Share Posted June 7, 2019 https://www.google.ca/amp/s/mobile.reuters.com/article/amp/ca/idCAKCN1T11UJ-OCABS Canada ran an estimated deficit of $11.8 Billion (less than $9Billion US) for the fiscal year of April 1st 2018 to March 31st 2019 That Federal Deficit is smaller than the Province of Ontarios deficit of $13 Billion The deficit of 0.3% of GDP is nearly wiped out tho after better than expected revenue new pleges from Trudeau for increased spending are poised to bring the deficit back up to $20 Billion next year or about 0.9% of GDP Link to post Share on other sites More sharing options...
StarstruckIllusion 53,589 Posted June 7, 2019 Share Posted June 7, 2019 Is that a good thing? Link to post Share on other sites More sharing options...
bionic 50,111 Posted June 7, 2019 Share Posted June 7, 2019 Thank you Justin Trudeau Link to post Share on other sites More sharing options...
Economy 53,059 Posted June 7, 2019 Author Share Posted June 7, 2019 4 hours ago, bionic said: Thank you Justin Trudeau He grew the deficit tho he didn't shrink it... The deficits grew when Trudeau room office. Right before the Liberals took over the budget was essentially balanced and on his first year $20 billion deficits start. The numbers just came in better than expected this year so the deficit shrank but he instantly took the opportunity to just comit to new spending and it's going up again next year He's not that financially responsible Canada had a surplus for 18 years in a row before the great recession and we were almost back to it and he ruin it all Link to post Share on other sites More sharing options...
Economy 53,059 Posted June 7, 2019 Author Share Posted June 7, 2019 4 hours ago, Wigless said: Is that a good thing? Well the deficit came smaller than expected so it's a good thing Link to post Share on other sites More sharing options...
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