Finance News – Federal Deficit

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Financial Post Top Stories • Jun 19, 2025

Federal deficit estimated to hit $46 billion in 2024-25: PBO

The projected shortfall for 2024-25 reflects increased government income primarily driven by gains in corporate tax collections and additional revenues from imposed tariffs.

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Investopedia • Jun 06, 2025

Tariffs Would Reduce The Federal Deficit, Budget Office Says

According to the budget office, implementing tariffs is projected to generate additional revenue that could contribute to lowering the overall shortfall in the federal budget.

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