Federal government posts $9.8-billion deficit for April-to-August period
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$1 per week for 24 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
*Billed as $4.00 plus GST every four weeks. After 24 weeks, price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Winnipeg Free Press access to your Brandon Sun subscription for only
$1 for the first 4 weeks*
*$1 will be added to your next bill. After your 4 weeks access is complete your rate will increase by $0.00 a X percent off the regular rate.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 25/10/2024 (335 days ago), so information in it may no longer be current.
OTTAWA – The federal government’s deficit was $9.8 billion for the April-to-August period.
The Finance Department’s latest fiscal monitor says the result compared with a deficit of $4.3 billion during the same period a year earlier.
Revenue for the period rose by $16.7 billion or 9.3 per cent compared with a year earlier due to increases in all major categories.
Program expenses excluding net actuarial losses rose by $17.9 billion or 11 per cent, as Ottawa spent more on direct program expenses, major transfers to persons, and major transfers to provinces, territories and municipalities.
Public debt charges were up by $4.4 billion or 23.1 per cent, mostly due to higher interest on marketable bonds and treasury bills.
Net actuarial losses were unchanged.
This report by The Canadian Press was first published Oct. 25, 2024.