In 2009, the federal government of Happy Isle had tax revenues of $1 million, and spent $500,000 on transfer payments, $250,000 on goods and services and $300,000 on debt interest. In 2009, the government of Happy Isle had a .

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The total expenditure was $1,050,000 ($500,000 + $250,000 + $300,000), while the revenue was $1,000,000, resulting in a budget deficit of $50,000.

In 2009, the Federal Government of Happy Isle Had Tax