OTTAWA – The federal government posted a budgetary deficit of $26.8 billion for the April-to-January period of its 2024-25 fiscal year.
The result compared with a deficit of $25.7 billion for the same period a year earlier.
According to the Finance Department’s monthly fiscal monitor, revenue for the 10-month period totalled $398.6 billion, up from $359.3 billion a year earlier, boosted by gains in all categories.
Program expenses excluding net actuarial losses amounted to $376.5 billion, up from $339.5 billion, boosted by increases across all major categories.
Public debt charges totalled $45.5 billion, up from $39.2 billion.
Net actuarial losses were nearly $3.4 billion, down from $6.3 billion a year ago.
This report by The Canadian Press was first published March 28, 2025.
