2016 Canadian federal budget
The Canadian federal budget for fiscal year 2016-2017 was presented to the House of Commons of Canada by Finance Minister Bill Morneau on 22 March 2016. The deficit was projected to be $29.4 billion for the fiscal year 2016–2017,[1] however this was adjusted to $17.8 billion by end of March 2017.[3] This was later adjusted to $19.0 billion after reflecting a change in the discount rate methodology used to determine the present value of the Government's unfunded pension obligations.[2] The Auditor General's recommendations resulted in revisions to 10 years' worth of budget numbers. The budget also forecast that the deficit would shrink to $14.3 billion four years later.[1]
| Presented | 22 March 2016 |
|---|---|
| Parliament | 42nd |
| Party | Liberal |
| Finance minister | Bill Morneau |
| Total revenue | 287.7 billion (Projected)[1] 293.5 billion (Actual)[2] |
| Total expenditures | 317.1 billion (Projected)[1] 312.5 billion (Actual)[2] |
| Deficit | 29.4 billion (Projected)[1] 19.0 billion (Actual)[2] |
| Website | http://www.budget.gc.ca/2016/docs/plan/toc-tdm-en.html |
‹ 2015 2017 › | |
References
- "Growing the Middle Class (Budget 2016)" (PDF). www.budget.gc.ca. Her Majesty the Queen in Right of Canada. p. 48. Retrieved 9 December 2016.
- Finance, Government of Canada, Department of. "Annual Financial Report of the Government of Canada 2017-2018". www.fin.gc.ca. Retrieved 2018-10-21.
- Finance, Government of Canada, Department of. "Annual Financial Report of the Government of Canada 2016-2017". www.fin.gc.ca. Retrieved 2018-09-20.
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