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Annual Financial Report of the Government of Canada Fiscal Year 1998-99 1999-09-22

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The Annual Financial Report of the Government of Canada for the fiscal year 1998-99 highlights a budgetary surplus of $2.9 billion, marking the first consecutive surpluses since 1951-52. The report details a significant reduction in net public debt, which decreased by $6.4 billion over two years, and outlines the government's fiscal strategy that led to economic growth and job creation. It also discusses targeted investments in health care and education, tax cuts for Canadians, and emphasizes government accountability through transparent financial reporting.

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What financial reports are included in the annual report?

An annual report begins with a letter to the shareholders, then a brief description of the business and industry. The report should include the audited financial statements: balance sheet, income statement, and statement of cash flows.

What is the budget balance of Canada?

RelatedLastUnit Government Budget -1.30 percent of GDP Budget Balance 940.00 CAD Million Government Debt 1173.01 CAD Billion Government Revenues 38482.00 CAD Million1 more row

What is the annual revenue of Canada?

Canada Government Revenues RelatedLastUnit Government Budget -1.30 percent of GDP Budget Balance 940.00 CAD Million Government Debt 1173.01 CAD Billion Government Revenues 38482.00 CAD Million1 more row

Is Canada in a surplus?

Canada Government Budget Surplus Shrinks in June During the first three months of the 2024/25 fiscal year (April-June), the country recorded a deficit of CAD 1.6 billion, a docHub shift from the CAD 2.9 billion surplus reported in the same period a year earlier.

What is Canadas deficit in 2024?

For the first two months of the 2024-25 fiscal year (April and May), there was a budgetary deficit of $3.9 billion, compared to a surplus of $1.5 billion reported for the same period of 2023-24. By month, there was a deficit of $5.0 billion in April and a surplus of $1.1 billion in May 2024.

What is Canada Gov fiscal year?

In Canada, the governments financial year is 1 April to 31 March.

What is the fiscal balance of Canada?

The Budgetary Balance. The government posted a budgetary deficit of $90.2 billion in 202122, compared to a deficit of $327.7 billion in 202021. The annual deficit before net actuarial losses represents the difference between the governments revenues and expenses excluding net actuarial losses.

What is the fiscal deficit of Canada?

Overall, the Canadian general government posted a deficit equivalent to 1.7% of nominal gross domestic product (GDP) in the first quarter, marking the highest deficit-to-GDP ratio since the second quarter of 2021 (3.7%).

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