Excerpt from Summary of the Budget of the National Government of Canada for the Fiscal Year Ending March 31, 1954 (Presented February 19, 1953) In his current message, Mr. Abbott bases his budget expectations on a Canadian gross national product in the neighborhood of $24' billion for the calendar year 1953, an increase of slightly over 4 percent. In the preparation of the United States budget for the fiscal year 1954 the Secretary of the Treasury assumed a personal income level of. $275 billion for the calendar year 1953, percent above the level of $268 billion in 1952. The economic conditions in the United States and Canada have been quite similar since the outbreak of hostilities in Korea. More over, the overall impact oi the Governments' programs as evidenced by a cash surplus or deficit in transactions with the public, also have been quite similar in this period. The cash budget surpluses or deficits in Canada and the United States, expressed as a percentage of gross national product, have been, or are expected to be, as follows in the fiscal years 1951 through 1954. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.