Note to visitors
The monetary leads to this report depend on the audited consolidated economic statements of this federal Government of Canada for the year that is fiscal March 31, 2019, the condensed form of which can be most notable report.
For the twenty-first consecutive 12 months, the us government has gotten an unmodified review viewpoint from the Auditor General of Canada from the consolidated monetary statements. The entire consolidated economic statements are available regarding the Public solutions and Procurement Canada internet site.
The reference that is fiscal have now been updated to include the outcomes for 2018–19 along with historic revisions towards the nationwide Economic and Financial Accounts posted by Statistics Canada.
Report Shows
- The federal government posted a budgetary deficit of $billion when it comes to financial year ended March 31, 2019, in comparison to an estimated deficit of $billion when you look at the March 2019 spending plan.
- Profits increased by $billion, or %, from 2017–Program costs increased by $14.6 billion, or percent, showing increases in every major types of costs. General Public financial obligation fees had been up $billion, or 6.3 percent.
- The federal financial obligation (the essential difference between total liabilities and total assets) stood at $685.5 billion at March 31, The federal debt-to-GDP (gross domestic item) ratio ended up being %, down from percent when you look at the past 12 months.
- General general Public debt fees amounted to percent of costs in 2018–This is down from the top of almost 30 % into the mid-1990s. Continue reading “Annual Financial Report for the federal federal Government of Canada Fiscal 12 months 2018–2019”