Canadian provinces,as per federal legislation,must either balance the budget or have a deficit not exceeding 5% of total provincial government spending.

Question

Quizplus · Accepted Answer

There is no federal legislation in Canada that mandates provinces to balance their budgets or limits their deficits to a specific percentage of spending. Budgetary policies are determined by each individual province.

Canadian Provinces,as Per Federal Legislation,must Either Balance the Budget or Have