Ottawa Ends 2023-24 Fiscal Year with $50.9 Billion Deficit
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The federal government of Ottawa ended the 2023-24 fiscal year with a $50.9 billion deficit, up from $41.3 billion the previous year. Revenues increased by 3.2% to $444.8 billion, driven by higher personal income tax and GST. Program expenses totaled $440.6 billion, up 3.1%. Final accounting, including additional tax revenues, will be tabled in the fall. #Ottawa #deficit #fiscalyear...

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