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OTTAWA, Oct 22 (Reuters) – Canada’s final budget figures for
the fiscal year that ended in March showed on Tuesday a deficit
of C$18.9 billion ($18.3 billon), slightly higher than the
12-month tally released in May but much lower than what had been
forecast in the March budget.
On May 31, the Finance Department’s Fiscal Monitor had
reported a preliminary shortfall of C$18.3 billion for the
2012-13 year.
The government’s annual budget released on March 21 had
projected that the deficit for the 2012-13 fiscal year would be
C$25.9 billion.
The government also reported the ratio of federal debt to
gross domestic product fell to 33.1 percent at end-March 2013
from 33.2 percent a year earlier.
