US EditionOttawa posts $26.8 billion deficit for April-to-January period
- For the April-to-January period of the 2024-25 fiscal year, the Canadian federal government posted a budgetary deficit of $26.8 billion, according to the Finance Department's monthly fiscal monitor.
- This deficit is higher than the $25.7 billion deficit recorded for the same period the previous year.
- Revenue for the ten-month period reached $398.6 billion, an increase from the $359.3 billion reported a year earlier, driven by gains across all categories.
- Program expenses, excluding net actuarial losses, totalled $376.5 billion, while public debt charges amounted to $45.5 billion, and net actuarial losses were nearly $3.4 billion.
- The Canadian Press published this report on March 28, 2025.
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Ottawa Posts $26.8 Billion Deficit for April-to-January Period
The federal government posted a budgetary deficit of $26.8 billion for the April-to-January period of its 2024-25 fiscal year. The result compared with a deficit of $25.7 billion for the same period a year earlier. According to the Finance Department’s monthly fiscal monitor, revenue for the 10-month period totalled $398.6 billion, up from $359.3 billion a year earlier, boosted by gains in all categories. Program expenses excluding net actuarial…
·New York, United States
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Winnipeg Free Press+13 Reposted by 13 other sources
Ottawa posts $26.8 billion deficit for April-to-January period
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Leaning Left2Leaning Right3Center3Last UpdatedBias Distribution38% Center, 38% Right
Bias Distribution
- 38% of the sources are Center, 38% of the sources lean Right
38% Right
L 25%
C 38%
R 38%
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