3- Assignment , 2019.docx - April 2019 1 BUDGETARY ISSUES 1 What is the accumulated surplus/deficit of the Federal government The accumulated deficit

3- Assignment , 2019.docx - April 2019 1 BUDGETARY ISSUES 1...

This preview shows page 1 - 2 out of 3 pages.

- April 2019 BUDGETARY ISSUES 1. What is the accumulated surplus/deficit of the Federal government? The accumulated deficit and surplus is the difference between cash in flows and cash outflows in the government. How much liabilities and how much asset the governments have. Surplus is related to assets while deficit is related to the liabilities. When the government receive more than the expenditure that is called surplus however if expenses are more than the asset then it is called deficit. Through accumulated deficit and surplus the government can predict and plan the annual budget. According to Finance Ministry the federal debt (the difference between total liabilities and total assets) stood at $671.3 billion at March 31, 2018. According to website of Trade Economic total debt of the Government increased to 671.25 CAD Billion in 2018 since 2017 which was 651.54 CAD Billion. 2. What is the accumulated surplus/deficit of the Ontario Provincial government?
Image of page 1
Image of page 2

You've reached the end of your free preview.

Want to read all 3 pages?

  • Fall '14
  • Staff

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes
A+ icon
Ask Expert Tutors