Ottawa maintains the government remains 'on track' to balance the budget in 2015
CBC News Posted: Dec 23, 2013 12:00 PM ET Last Updated: Dec 23, 2013 2:54 PM ET
The Canadian government has spent $13.2 billion more than it has taken in so far this year, a slightly larger deficit than the one for the same period in 2012.
The Department of Finance said Monday the federal deficit was $13.2 billion for the fiscal year up to October. That's ahead of the $11.9 billion during the same period in 2012.
But that data is skewed by two major one-time events that impacted Ottawa's finances: The Alberta floods of last summer, and the government's sale of $700 million worth of GM shares in September.
Excluding the two events, the annual deficit would have been slightly smaller, at $11.1 billion.
For the fiscal year as a whole, Ottawa has taken in $144.9 billion and spent $158.2 billion so far. On a monthly basis, October's deficit was $2.5 billion, the same as the one from the same month last year.
In the current fiscal year, Finance Minister Jim Flaherty has said he expects a deficit of $17.9 billion, about $1 billion below the previous year's shortfall.
"The Government remains on track to balance the budget in 2015," the department said in a release.
Stay Connected with CBC News
Latest Business Headlines
TSX COMPOSITE
Dec 24, 2013 9:00 AM ET Dec 24, 2013 12:00 AM ET Dec 24, 2013 12:00 AM ET Dec 24, 2013 12:00 AM ET Dec 24, 2013 9:00 AM ET
Index | Last Trade | Change |
---|---|---|
TSX COMPOSITE | 13447.70 | unch |
DOW | 16294.61 | 73.47 |
NASDAQ | 4148.90 | 44.16 |
SP 500 | 1827.99 | 9.67 |
TSX-VENTURE | 896.98 | unch |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
Anda sedang membaca artikel tentang
Canada's deficit ticks higher to $13.2B
Dengan url
http://politikduniabarat.blogspot.com/2013/12/canadas-deficit-ticks-higher-to-132b.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Canada's deficit ticks higher to $13.2B
namun jangan lupa untuk meletakkan link
Canada's deficit ticks higher to $13.2B
sebagai sumbernya
0 komentar:
Posting Komentar