Federal government reports deficit of $31.2B for its 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 $1.44 a 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 $5.77 plus GST every four weeks. After 52 weeks, price increases to the regular rate of $19.95 plus GST every four weeks. 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 »
OTTAWA – The federal government posted a budgetary deficit of $31.21 billion for the April-to-January period of its 2025-26 fiscal year.
In its monthly fiscal monitor, the Finance Department says the result compared with a deficit of $26.85 billion reported for the same period a year earlier.
The result came as revenue totalled $404.83 billion for the ten-month period, up from $398.59 billion a year earlier, reflecting increases in customs import duties due to the countermeasures imposed in response to U.S. tariffs, and corporate and personal income tax revenues.
Meanwhile, program expenses excluding net actuarial losses amounted to $386.48 billion compared with $376.54 billion a year earlier, due to increases in direct program spending, major transfers to persons and major transfers to provinces, territories and municipalities.
Public debt charges totalled $45.41 billion, down slightly from $45.54 billion a year earlier, due to lower short-term interest rates on treasury bills and lower net interest on cross-currency swap transactions and other liabilities.
Net actuarial losses were $4.15 billion, up from $3.35 billion a year earlier.
This report by The Canadian Press was first published March 27, 2026.