Federal government posts $7.3B deficit between April and July

Federal Government Posts $7.3B Deficit Between April and July

The federal government’s deficit has grown to $7.3 billion so far this fiscal year. The Finance Department’s latest fiscal monitor says the deficit between April and July compares with a $1.2 billion deficit over the same period last year. Revenues during the four-month period increased by $14.9 billion, or 10.2 percent, from April to July 2023. Program expenses excluding net actuarial losses were up $17.5 billion, or 13.5 percent, as the federa…

Federal government posts $7.3B deficit between April and July

Revenues during the four-month period increased by $14.9 billion, or 10.2 per cent, from April to July 2023

Canada posts $7.3B deficit between April and July

The federal government's deficit has grown to $7.3 billion so far this fiscal year.

The federal government deficit has reached $7.3 billion since the start of the fiscal year. The deficit for...