The current national budget for Canada, the report from the Department of finance Canada shows that Total Revenue 287.7 Billion Total Expenditures 317.1 Billion Deficit 29.4 billion
The meaning of a budget deficit, Amadeo explained that “A budget deficit is when spending exceeds income. The term usually applies to governments, although individuals, companies, and other organizations can run deficits” (2016, para.1). The types programs that I think the government of Canada should do when it faces a deficit budget. EconomicsHelp organization suggested that “Higher Taxes and lower spending” (2016, para 4). This way can help to increase more money from population in countries and cut down or lower spending of government that will not important.
The meaning of a budget deficit, Amadeo explained that “A budget deficit is when spending exceeds income. The term usually applies to governments, although individuals, companies, and other organizations can run deficits” (2016, para.1). The types programs that I think the government of Canada should do when it faces a deficit budget. EconomicsHelp organization suggested that “Higher Taxes and lower spending” (2016, para 4). This way can help to increase more money from population in countries and cut down or lower spending of government that will not important.