(MENAFN) Canada's Finance Ministry announced that the Canadian federal government ran up a deficit of 19-billion Canadian dollars in 2017/18 fiscal year, the same as the one of the previous year.
The deficit came in slightly lower than the 19.9 billion Canadian dollars projected in the federal budget released in February.
The figures for the 2017/18 fiscal year released by the ministry also show the debt-to-GDP ratio has edged up.
The final federal 2017/18 debt-to-gross domestic product ratio is 31.3 percent, up from an initial estimate of 30.4 percent.
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