Financial Perspective : Ten take-aways from the 2024-2025 federal budget

Offert par SFL Gestion de patrimoine
April 17th, 2024

An overview of the latest Freeland budget.

With all the announcements the federal government made prior to the official presentation of its 2024-2025 budget, it was fair to wonder what was left to be revealed in the budget itself, which was tabled on April 16 by Finance Minister Chrystia Freeland. Still, a number of items were attention-worthy, including the big question that was still up in the air at that point: how big would the deficit be?

The answer is now clear, for the fiscal year 2023-2024, the deficit will be $40 billion; a year from now it should be $39.8 billion and in five years, $20 billion. These figures should result in a debt to gross domestic product (GDP) ratio – a key indicator for the government – that will go from 42.1% in 2023-2024 to 41.9% next year and 39.0% by 2028-2029.

Read the full article here.