Growth in Canada has been fuelled by a strong rebound in domestic activity. Growth in real consumer spending on goods and services averaged more than 3 per cent per quarter in 2010. Business investment in machinery and equipment was even stronger, growing on average by more than 17 per cent per quarter. Actions taken during the second year of the EAP account for approximately 16.5 billion of the 201011 deficit of 33.4 billion. Of the amounts recorded under the EAP, revenue reductions account for 5.9 billion, while expenditure measures account for 10.6 billion. In order to provide additional flexibility to the Governments partners, the completion deadline for four provincial, territorial and municipal infrastructure programs was extended to October 31, 2011. As a result of this decision, the economic benefits and job creation impact of stimulus projects were continued for an additional construction season.
By August 2011, the economy had created about 600,000 jobs relative to its trough in July 2009more than offsetting the jobs lost in Canada during the global economic downturn. Furthermore, most of the jobs created over the recovery have been full-time and in relatively high-wage industries.
It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available. National Economic and Financial Accounts published by Statistics Canada. Report Highlights The Government posted a budgetary deficit of 33.4 billion for the fiscal year ended March 31, 2011, compared to a budgetary deficit of 55.6 billion in 200910. Home Publications and Reports Archived - Annual Financial Report of the Government of Canada: Fiscal Year. Table of Contents Archived information Archived information is provided for reference, research or recordkeeping purposes. Advanced Canadas knowledge economy by improving infrastructure at colleges and universities and supporting research and technology. Supported industries and communities most affected by the global downturn. Improved access to and the affordability of financing for Canadian households and businesses. The 33.4-billion deficit in 201011 was 2.8 billion lower than the 36.2-billion deficit forecast in the June 2011 budget. Revenues were 1.5 billion higher than forecast, while program expenses were 1.2 billion lower than forecast. The federal debt (the difference between total liabilities and total assets) stood at 550.3 billion at March 31, 2011. The complete financial statements will be set out in the. Public Accounts of Canada 2011 when tabled in Parliament. The Fiscal Reference Tables have been updated to incorporate the results for 201011 as well as historical revisions to the. Table 1 Financial Highlights ( billions) Budgetary transactions Revenues 218.6 237.1. Expenses Program expenses 244.8 239.6 Public debt charges 29.4 30.9 Total expenses 274.2 270.5 Budgetary balance -55.6 -33.4 Non-budgetary transactions -8.0 -12.8 Financial source/requirement -63.6 -46.2. Do You Know the Minimum Wage in Your Province? What Are the Canadian Prime Minister's Responsibilities? Return to the My Service Canada Account homepage. Reflecting Canadas solid economic and fiscal fundamentals, together with the impact of Canadas Economic Action Plan and monetary policy stimulus, the Canadian economy has recovered strongly from the recession. The Canadian economy has recovered more than all of the GDP and more than all of the employment lost during the. Do you use a pop-up, and reap the rewards but also accept the consequences? Slow and steady wins the race in by book. Weve heard from them enough and we think we know just what theyre going to say. But when they enacted whatever romance of pioneering, frontiering, and longing for collective meaning it was that brought them here, they created facts on the ground. Dont give the thugs what they want. Then Roni said that the day after the murder, everyone in Tapuach went down to the junction and threw rocks at Arabs. We all wanted revenge. Saturday Closed Sunday Closed Office Information Fax: (910) Practice Website: Not Available Accepting New Patients: No Medicare Accepted: Yes Medicaid Accepted: Yes Physicians at this location Terry Ginthner, MD. Diagnostic Radiology, Radiology Rolf P. Ltd. 601 Werninger Street Houston, TX 77099 Dear Mr. John D. Reece. With reference to your advertisement in the daily 'California Times' dated December 20, 2011, I came to know about the opening of a materials coordinator in your company. Photo: Kent Whiteman is a Nationwide Amsoil Platinum Dealer and is shown with his ITE SCCA Road Racing Amsoil Sponsored Dodge Viper race car. Amsoil Synthetic Motor Oil has been proven the best for nearly 40 years and will dramatically improve your vehicles performance, fuel economy, and life! The level of economic activity in 2010 was considerably higher than in 2009. Real GDP increased by 3.2 per cent in 2010. Nominal GDP (the broadest single measure of the Governments tax base) increased by 6.3 per cent as a result of the increase in real GDP together with a significant rebound in global commodity prices.
The seven reports to Canadians on the EAP have focused on its cash value because this is the best measure for assessing the impact of the stimulus on the economy. The Government has reported regularly to Canadians on the implementation of the EAP.
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