Ottawa reports $25.5B deficit between last April and February - BERITAJA

The federal government posted a budgetary shortage of $25.5 cardinal for the April-to-February play of its 2025-26 fiscal year.

In its monthly fiscal monitor, the Finance Department says the consequence compared pinch a shortage of $19.3 cardinal for the aforesaid play of 2024-25.

The consequence came arsenic gross totalled $453.2 cardinal for the 11-month period, up 0.8 per cent from $449.8 cardinal a twelvemonth earlier.

Meanwhile, programme expenses excluding nett actuarial losses amounted to $424.9 billion, up 2.1 per cent from $416.1 cardinal for the aforesaid play successful the erstwhile year.

Public indebtedness charges totalled $49.3 billion, about the aforesaid arsenic twelvemonth earlier.

Net actuarial losses were $4.6 billion, compared pinch $3.7 cardinal a twelvemonth ago.