Canada's budget deficit halved in December

CBJ – Feb. 25 – The federal budgetary deficit fell from $3.1 billion in December 2009 to $1.4 billion in December, the Finance Department said today. Revenues grew by 8.4 per cent, up $1.6 billion to $20.1 billion in December as taxes gained in the quarter. Personal income tax revenues grew 8.4 per cent, up $800 million, and corporate income tax revenues improved 21.3 per