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Federal government posts $4.3 billion deficit between April and August this year

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OTTAWA — The federal government posted a budgetary deficit of $4.3 billion from April to August. In its monthly fiscal monitor, the Finance Department says this compares to a surplus of $3.9 billion during the same period of the 2022-23 fiscal year.

In its monthly fiscal monitor, the Finance Department says this compares to a surplus of $3.9 billion during the same period of the 2022-23 fiscal year.

Government revenues increased $2.4 billion, or 1.4 per cent, largely due to higher interest revenues and other non-tax revenues.Public debt charges grew by $4.1 billion, or 27.7 per cent, largely due to higher interest rates. Net actuarial losses decreased by $0.9 billion, or 22.7 per cent, compared to the same period last year.

 

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Federal government posts $4.3 billion deficit between April and August this yearOTTAWA — The federal government posted a budgetary deficit of $4.3 billion from April to August. In its monthly fiscal monitor, the Finance Department says...
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