Canada ended the fiscal year 2018-2019 with a deficit of 14 billion Canadian dollars (10.6 billion US dollars) on March 31, said the Finance Department Tuesday.
In fiscal year 2017-2018, Canada saw a deficit of 19 billion Canadian dollars (14.33 billion US dollars), reports Xinhua.
Total federal debt at the end of the 2018-2019 fiscal year came to 685.5 billion Canadian dollars (517.4 billion US dollars), compared with 671.3 billion Canadian dollars for the previous year.
However, the country's federal debt-to-GDP ratio fell to 30.9 per cent from 31.3 per cent a year ago.