By Canadian Press

Federal government posts $8.2 billion deficit between April and September this year

Nov 21, 2023 | 3:42 PM

OTTAWA — The federal government recorded a budgetary deficit of $8.2 billion between April and September, $3.9 billion of which was in September. 

The finance department says in its monthly fiscal monitor that the deficit between April and September compared to a surplus of $1.7 billion during the same period last year. 

Government revenues increased by $3.5 billion, or 1.7 per cent, a reflection of higher higher interest revenues and other non-tax revenues.

Program expenses excluding net actuarial losses were up $8.9 billion, or 4.8 per cent, from the same period a year earlier.

Public debt charges were up $5.7 billion, or 33.1 per cent, largely due to higher interest rates but partly offset by lower Consumer Price Index adjustments on Real Return Bonds.

WHAT'S ON

Here is what's on this weekend in Medicine Hat and area: Dec. 13-15

14h ago

IN THE COMMUNITY

Medicine Hat's Mustard Seed adding new shelter spaces at Alberta government's request

Dec 12, 2024

HOLIDAYS

Medicine Hat Kiwanis hosting Christmas dinner, applications due Friday

Dec 12, 2024

Net actuarial losses decreased by $1.1 billion, or 23.2 per cent, compared with the same period last year.

This report by The Canadian Press was first published Nov. 21, 2023.

The Canadian Press