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With federal government debt over $1 trillion, every one percentage point rise in the effective interest rate adds more than $10 billion per year to the federal deficit. [45] Drummond also noted that slow economic growth would reduce government tax revenue.
2020 Canadian federal budget: 2020–21 — Never presented Postponed and combined into the following year's budget due to the COVID-19 pandemic: 2021 Canadian federal budget A Recovery Plan for Jobs, Growth, and Resilience: 2021–22 19 April 2021 Chrystia Freeland Liberal: C-30: Royal Assent (29 June 2021)
The Canadian federal budget for fiscal year 2018–19 was presented to the Canadian House of Commons by Finance Minister Bill Morneau on February 27, 2018. The deficit is projected to be $18.1 billion, including a $3 billion adjustment for risk.
In addition, the federal government posted ten consecutive deficits since it took office, with projections showing a $39.8 billion deficit for 2024–25. Federal debt nearly doubled from 2014–15 to 2024–25, approaching $2.1 trillion, with forecasts suggesting an additional $400.1 billion increase by March 2029 due to projected deficits in ...
The Canadian federal budget for fiscal year 2019–20 was presented to the House of Commons by Finance Minister Bill Morneau on March 19, 2019. This was the last budget before the 2019 federal election. The deficit is projected to rise to $19.8 billion, after including a $3 billion adjustment for risk. [3]
The Canadian federal budget for the fiscal years of 2022–23 was presented to the House of Commons by Finance Minister Chrystia Freeland on 7 ... Deficit (90.32) (52 ...
The Canadian federal budget for fiscal year 2016–17 was presented to the House of Commons of Canada by Finance Minister Bill Morneau on 22 March 2016. The deficit was projected to be $29.4 billion for the fiscal year 2016–2017, [1] however this was adjusted to $17.8 billion by end of March 2017. [3]
The Canadian federal budget for the fiscal years of 2023–24 was presented to the House of Commons by Finance Minister Chrystia Freeland on 28 March 2023. [2] The budget was meant to reflect Prime Minister Justin Trudeau's stated policy objective to "make life more affordable for Canadians" [3] while also reducing government expenditures.