Canadian government unveils 2019 budget
OTTAWA, March 20 (Xinhua) -- The Canadian government on Tuesday unveiled its 2019 budget titled "Investing in the Middle Class" with a total spending of 22.8 billion Canadian dollars (about 17 billion U.S. dollars) in new spending over the next five fiscal years.
The government is projecting a deficit of 19.8 billion Canadian dollars (about 15 billion U.S. dollars) in 2019-2020, which is scheduled to fall to 15 billion Canadian dollars (some 11 billion U.S. dollars) two years later, then to 10 billion (roughly 7.5 billion U.S. dollars) in 2023-2024.
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