Ottawa posts $26.8 billion deficit for April-to-January period
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $205*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 28/03/2025 (529 days ago), so information in it may no longer be current.
OTTAWA – 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.
Construction workers build scaffolding on Parliament Hill in Ottawa on Thursday, March 20, 2025. THE CANADIAN PRESS/Sean Kilpatrick
Program expenses excluding net actuarial losses amounted to $376.5 billion, up from $339.5 billion, boosted by increases across all major categories.
Public debt charges totalled $45.5 billion, up from $39.2 billion.
Net actuarial losses were nearly $3.4 billion, down from $6.3 billion a year ago.
This report by The Canadian Press was first published March 28, 2025.