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2024/25 fiscal year's first four months saw Canada's budget deficit rise to C$7.3B due to increased spending and debt charges, despite revenue growth.
Canada's budget deficit for the first four months of the 2024/25 fiscal year rose to C$7.3 billion, up from C$1.24 billion in the same period last year.
This increase is due to a 13.5% rise in government spending and a 28.8% jump in public debt charges, despite a 10.2% growth in revenues.
In July alone, the deficit decreased to C$4.41 billion from C$4.86 billion in July 2023.
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En los primeros cuatro meses del ejercicio fiscal 2024/25, el déficit presupuestario de Canadá aumentó a C$ 7,3B debido al aumento del gasto y las cargas de la deuda, a pesar del crecimiento de los ingresos.