The Canadian Space Agency slightly underspent its budget for fiscal year 2019-20

Credit: SpaceQ/Canadian Space Agency.

The Canadian Space Agency (CSA) has released its annual Departmental Results Report for the fiscal year 2019-20. The CSA spent $324.4 million of a planned $328.9 million with an underspend of around $4.5 million. That's a good result considering their past performance, and fits a pattern over the last three years of spending within 1.5%, plus or minus, of its intended planned spending.

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About Marc Boucher

Boucher is an entrepreneur, writer, editor & publisher. He is the founder of SpaceQ Media Inc. and CEO and co-founder of SpaceRef Interactive LLC. Boucher has 20+ years working in various roles in the space industry and a total of 30 years as a technology entrepreneur including creating Maple Square, Canada's first internet directory and search engine.