The federal government’s deficit for the 2023-2024 fiscal year that ended in March 2024 was announced Monday. It was $61.9 billion, significantly higher than the $40.1 billion deficit that had been promised.
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Julian Vikan Karaguesian is a lecturer in the Department of Economics at Ï㽶ÊÓƵ and worked for Canadian Ministry of Finance for more than 25 years.