Posthaste: 4 charts that tell you what you need to know about Canada's budget 2024 [Financial Post (Toronto, Ontario, Canada)]
Royal Bank Of Canada (RY)
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Source: Financial Post
Article content Prime Minister Justin Trudeau hit the trail to make a series of pre-budget announcements, mostly on housing, that left some wondering what was left to be said when the federal budget 2024 was released on Wednesday. It turned out, the Liberals still had some surprises in store for Canadians and businesses. Here are four charts that break out some of the highlights in the new budget Article content The deficit Ottawa was under pressure in this budget cycle to hold the line on the deficit. Finance Minister Chrystia Freeland accomplished that, projecting a shortfall of $40 billion for the 2023-24 year, slightly better than the $40.1 billion deficit projected in the fall economic statement (FES). “To achieve this, however, the government introduced several new taxes after … new spending was rolled out in recent weeks,” Rachel Battaglia, an economist at Royal Bank of Canada said in a note. Looking out over the next five years, the deficits fall deeper in the r
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