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Canada: Government posted a budgetary deficit of $19.0 bln in fiscal 2018

Eren Sengezer FXStreet

Canada's Department of Finance recently published the 'Annual Financial Report of the Government of Canada,' with key highlights seen below.

The Government posted a budgetary deficit of $19.0 billion for the fiscal year ended March 31, 2018, compared to an estimated deficit of $19.9 billion in the February 2018 budget.
Revenues increased by $20.1 billion, or 6.9 per cent, from 2016–17.
The federal debt (the difference between total liabilities and total assets) stood at $671.3 billion at March 31, 2018.
The federal debt-to-GDP (gross domestic product) ratio was 31.3 per cent, down 0.7 percentage points from the previous year.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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Canada: Government posted a budgetary deficit of $19.0 bln in fiscal 2018

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