By Canadian Press

FEDERAL POLITICS

Ottawa posts $26.8 billion deficit for April-to-January period

Mar 28, 2025 | 9:02 AM

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.

IN THE COMMUNITY

Medicine Hat Pride group signs open letter calling on federal leaders to protect trans rights

Mar 31, 2025

WHAT'S ON

Here is what's on this weekend in Medicine Hat and area: March 28-30

Mar 28, 2025

IN THE COMMUNITY

HALO Air Ambulance may need new heli for hospital landings, CEO says

Mar 28, 2025

Net actuarial losses were nearly $3.4 billion, down from $6.3 billion a year ago.