Prime Minister Justin Trudeau speaks to the media. THE CANADIAN PRESS/Adrian Wyld

Prime Minister Justin Trudeau speaks to the media. THE CANADIAN PRESS/Adrian Wyld

Federal government posts $70.1B deficit for April-to-December period

Public debt charges rose to $18.7 billion

The federal government posted a budgetary deficit of $70.1 billion for the April-to-December period of its 2021-22 fiscal year.

In its monthly fiscal monitor report, the Finance Department says the result compared with a deficit of $248.2 billion for the same period a year earlier.

Program expenses, excluding net actuarial losses, were $322.0 billion for the nine-month period, down from $428.9 billion a year earlier.

Public debt charges rose to $18.7 billion compared with $15.4 billion a year earlier.

Revenue for the period increased to $278.3 billion, up from $207.7 billion in the 2020-21 period.

Net actuarial losses for the period totalled $7.7 billion, down from $11.5 billion.

The Canadian Press

Be Among The First To Know

Create a free account today, and start receiving free newsletters.

Sign Up with google Sign Up with facebook

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Reset your password

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

A link has been emailed to you - check your inbox.



Don't have an account? Click here to sign up