Tag: Federal Debt

OTTAWA — The federal government posted a deficit of $95.6 billion for its 2021-22 fiscal year. In its monthly fiscal monitor report, the Finance Department says the tally for the April 2021 to March 2022 period compared with a deficit of $314.0 billion a year earlier. Program expenses, excluding net actuarial losses, totalled $457.3 billion, down from $577.6 billion a year earlier due in large part to lower transfers to businesses, individuals, and other levels of government. Public debt charges
— Read on ca.finance.yahoo.com/news/federal-government-posts-95-6-151048162.html

Canada’s government is forecasting a budget deficit for the current year in excess of C$300 billion ($220 billion), above most estimates, the Globe and Mail reported.
— Read on www.bloomberg.com/news/articles/2020-07-07/canada-federal-deficit-to-exceed-c-300-billion-globe-reports