Newspaper article The Canadian Press

Report Shows Federal Deficit at $5.9 Billion Halfway through Fiscal Year

Newspaper article The Canadian Press

Report Shows Federal Deficit at $5.9 Billion Halfway through Fiscal Year

Article excerpt

Feds run six-month deficit of $5.9 billion

--

OTTAWA - The federal government ran a deficit of $5.9 billion over the first half of its fiscal year, a more modest dive into the red than that of the same period one year ago.

Between April and September of the 2016-17 fiscal year, the Liberals ran a deficit of $7.8 billion.

For September alone, the government ran a budgetary deficit of $3.2 billion, which was higher than the $2.4 billion recorded during the same month last year.

The monthly fiscal monitor report says government revenue between April and September of this year was up $6.9 billion to $146.3 billion, a 4.9 per cent increase over the same period last year.

Personal and corporate tax revenues climbed by 6.2 per cent and 6. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.