September 2019
Deficit for 2018-19 $5 Billion Lower Than Outcome for 2017-18. The Annual Financial Report for 2018-19 was released by the Department of Finance on September 17, 2019. It contains condensed consolidated financial results for 2018-19 and actual restated
Green Party budget deserves an "F"
There is a little over three weeks to go to the election. Given the rush by all parties to get their election promises out, having a short election period may be a good thing. The costs of election promises of all parties are rising rapidly without much concern for their impact on the deficit. Not only should Canadians be concerned by this, but they should start thinking about which of these promises will end up in the “trash can” once a party is elected.
Fiscal Monitor for April – July 2019
The federal government posted a deficit of $1.5 billion in July 2019, compared to a surplus of $142 million July 2018.
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DEFICIT ISSUES FOR THE 2019 ELECTION
At the start of the 2019 election campaign, most political commenters did not see the “deficit” becoming a major issue in the election. The reality is that the federal government has neither a deficit nor debt problem. According to the just released Annual Financial Report (AFR), the deficit for 2018-19 was $14 billion or just 0.7% of GDP. The debt-to-GDP ratio is the lowest among G-7 countries.
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