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Feds post $1.2 billion deficit between April and July: Finance DepartmentOTTAWA — The federal government posted a budgetary deficit of $1.2 billion during the first four months of its fiscal year, compared with a surplus of $6.3 billion during the same period a year earlier.
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Feds post $1.2 billion deficit between April and July: Finance DepartmentOTTAWA — The federal government posted a budgetary deficit of $1.2 billion during the first four months of its fiscal year, compared with a surplus of $6.3 billion during the same period a year earlier. The Finance Department released its monthly fiscal update today, offering insight into the federal government's finances for the 2023-24 fiscal year. The report shows government revenues were up $2.8 billion, or two per cent, which the department says largely reflects higher interest revenues and
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