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Canada's budget deficit for 2024-25 reaches $26.8B, up from $25.7B, despite higher revenue.
Canada's budget deficit for the first ten months of the 2024-25 fiscal year reached $26.8 billion, up from $25.7 billion the previous year.
Despite increased revenue of $398.6 billion, up from $359.3 billion, program expenses also rose to $376.5 billion from $339.5 billion.
Public debt charges rose to $45.5 billion from $39.2 billion, but net actuarial losses decreased to $3.4 billion from $6.3 billion.
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El déficit presupuestario de Canadá para 2024-25 alcanza $26,8B, frente a $25.7B, a pesar de los mayores ingresos.