Canada covid-19 coronavirus news coronavirus update Coronavirus Canada

Canada’s federal deficit hits $148.6B amid coronavirus pandemic

Reading now: 114
globalnews.ca

COVID-19 pandemic.The result compared with a deficit of $1.6 billion for the same period in the 2019-2020 fiscal year.In its monthly fiscal monitor, the Finance Department says program expenses for the four-month period of April to July hit $215.7 billion, up $111.1 billion, or 106.2 per cent, from the same period a year earlier.

Canada ‘bets the farm’ on deficit spending amid coronavirus resurgence Major transfers to persons — which consists this fiscal year of seniors benefits, employment insurance payments, the Canada Emergency Response Benefit, and children’s benefits — increased by 170.8 per cent year-over-year, hitting almost $87.3 billion.About $50.4 billion of the overall increase of $55.1 billion from the same period the year.

Read more on globalnews.ca
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA