Federal government posts $5.1-billion deficit for April-to-July 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 »
OTTAWA – The federal government posted a deficit of $5.1 billion for the April-to-July period of its 2026-27 fiscal year.
In its monthly fiscal monitor report, the Finance Department says the result compared with a deficit of $7.8 billion for the same four-month period a year ago.
The deficit came as revenue totalled $175.5 billion for the period, up from $163.4 billion a year ago, boosted by increases in personal income tax revenue, other revenues and GST revenue.
Program expenses excluding net actuarial losses amounted to $159 billion, up from $151.3 billion, due to higher direct program expenses and major transfers to persons.
Public debt charges totalled $20 billion, up from $18.6 billion.
Net actuarial losses were $1.7 billion, up from $1.3 billion.
This report by The Canadian Press was first published Sept. 25, 2026.