Canada’s budget balance showed a marked improvement in June 2024, bringing the deficit down to -2.88 billion CAD, compared to -3.89 billion CAD reported in May 2024. These figures were updated on August 30, 2024, highlighting an encouraging trend for the nation’s fiscal health.This positive development is particularly significant when viewed year-over-year. The current month-to-month comparison indicates the country is making substantial strides in reducing its budget shortfall. While May 2024 reported a disheartening -3.89 billion CAD deficit, the latest data underscores a 1 billion CAD reduction in just one month.Such fiscal progress is essential as Canada continues to navigate complex economic challenges. The improved budget balance provides optimism and a stronger foundation for future financial strategies and policies.The material has been provided by InstaForex Company – www.instaforex.com
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