Ottawa posts a $5.36-billion deficit for the first five months of the fiscal year

2026-27

$5.36B

2025-26

$11.07B

The Finance Department's fiscal monitor shows the April-to-August deficit is half of last year's $11.07 billion.

Revenue rose to $215.54 billion, helped by higher personal income tax and GST revenues, offset by lower customs duties and energy tax revenues.

Public debt charges

25.10 $ billion

Program expenses rose to $195.95 billion, and public debt charges to $25.10 billion from $23.01 billion.

Economy · 5 d ago

Ottawa posts a $5.36-billion deficit for the first five months of the fiscal year

The Finance Department's fiscal monitor shows the April-to-August deficit is half of last year's $11.07 billion.

Revenue rose to $215.54 billion, helped by higher personal income tax and GST revenues, offset by lower customs duties and energy tax revenues.

Program expenses rose to $195.95 billion, and public debt charges to $25.10 billion from $23.01 billion.

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