Federal government posts $5.1-billion deficit for April-to-July period

The federal government announced a deficit of $5.1 billion for the April-to-July period of its 2026-27 fiscal year, marking a significant improvement from the $7.8 billion deficit reported in the same period last year. The Finance Department's monthly fiscal monitor report indicated that revenue for the period reached $175.5 billion, up from $163.4 billion a year ago, while program expenses excluding net actuarial losses increased to $159 billion, up from $151.3 billion.

Public debt charges rose to $20 billion, up from $18.6 billion, while net actuarial losses amounted to $1.7 billion, an increase from $1.3 billion.

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