Federal government posts $370M deficit for April-to-June period
OTTAWA - The federal government recorded a $370 million deficit for the April-to-June period of its 2026-27 fiscal year. Compared to the same period a year earlier, the deficit saw a significant decrease, falling from $6.28 billion to $370 million. Revenue for the three-month period reached $132.64 billion, an increase from $120.84 billion in the previous year's comparable period.
However, program expenses, excluding net actuarial losses, rose to $117.16 billion from $112.34 billion. Public debt charges for the period amounted to $14.61 billion, up from $13.77 billion. Net actuarial losses grew to $1.25 billion, up from $1.01 billion.
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