期刊名称:Annual Financial Report of the Government of Canada
出版年度:2005
卷号:1
页码:7-7
出版社:Ottawa
摘要:A budgetary surplus of $13.2 billion was recorded
in 2005¨C06. Budgetary revenues increased by
$10.3 billion, or 4.8 per cent, over 2004¨C05,
reflecting strong growth in the economy and the
applicable tax bases. Public debt charges declined
by $0.3 billion, or 1.0 per cent, due to a decline
in the stock of interest-bearing debt. Program
expenses decreased by $1.1 billion, or 0.7 per cent,
due to a number of one-time expenses which
boosted spending in 2004¨C05, as well as
developments in 2005¨C06 which reduced spending,
most notably the dissolution of Parliament in
November 2005 and the change in government.
This marks the first year-over-year decrease in
federal program expenses in nine years.
To enhance the comparability of financial results
over time and across jurisdictions, the budgetary
balance and its components are often presented
as a percentage of GDP.