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Federal government reports deficit of $31.2B for its April-to-January period
- The Federal Government reported a budgetary deficit of $31.21 billion for the April-to-January period of the 2025-26 fiscal year.
- Revenue for the ten-month period increased to $404.83 billion, up from $398.59 billion a year earlier, due to higher customs import duties and increased tax revenues.
- Program expenses rose to $386.48 billion from $376.54 billion, driven by higher direct spending and transfers to individuals and governments.
- Public debt charges slightly decreased to $45.41 billion, while net actuarial losses increased to $4.15 billion compared to last year.
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The federal government recorded a budgetary deficit of $31.21 billion for the period from April to January of its 2025-2026 fiscal year.
·Montreal, Canada
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This result is explained by total revenues of $404.83 billion for this ten-month period. The post Ottawa has a deficit of $31.21 billion for April to January appeared first on Les Affaires.
Coverage Details
Total News Sources22
Leaning Left11Leaning Right0Center4Last UpdatedBias Distribution73% Left
Bias Distribution
- 73% of the sources lean Left
73% Left
L 73%
C 27%
Factuality
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