{"id":252804,"date":"2025-10-31T17:59:07","date_gmt":"2025-10-31T17:59:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/252804\/"},"modified":"2025-10-31T17:59:07","modified_gmt":"2025-10-31T17:59:07","slug":"ottawa-posts-11-1-billion-deficit-for-april-to-august-period-of-fiscal-year","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/252804\/","title":{"rendered":"Ottawa posts $11.1-billion deficit for April-to-August period of fiscal year"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

The Finance Department’s fiscal monitor has released data for the April-to-August period ahead of next week’s federal budget.Sean Kilpatrick\/The Canadian Press<\/p>\n

The federal government posted a deficit of $11.1-billion for the April-to-August period of its 2025-26 fiscal year.<\/p>\n

In its monthly fiscal monitor report, the Finance Department says the result compared with a deficit of $9.8-billion for the same period a year earlier.<\/p>\n

Revenue for the five-month period totalled $201.2-billion compared with $196.3-billion for the same stretch a year earlier, helped by higher corporate and personal income tax revenue and higher customs import duties, partially offset by lower GST revenues.<\/p>\n

Program expenses, excluding net actuarial losses, amounted to $187.2-billion, up from $179.8-billion a year earlier, as spending on elderly benefits rose and EI benefit costs also increased, reflecting a higher unemployment rate. Major transfers to provinces, territories and municipalities also climbed.<\/p>\n

Public debt charges for the period totalled $23-billion, down from $23.2-billion a year ago, while net actuarial losses amounted to $2.1-billion, down from $3.2-billion.<\/p>\n

The figures come ahead of the federal budget next week. <\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: The Finance Department’s fiscal monitor has released data for the April-to-August period ahead…\n","protected":false},"author":2,"featured_media":252805,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[901,888,902,879,877,903,49,48,876,895,896,891,878,875,46,549,295,894,887,914,880,881,893,889,890,884,904,885,909,910,44,912,907,911,905,908,882,898,899,714,897,906,865,61,900,892,886,883,913],"class_list":["post-252804","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-alberta","tag-arts-news","tag-bc","tag-breaking-news","tag-breaking-news-video","tag-british-columbia","tag-ca","tag-canada","tag-canada-news","tag-canada-sports","tag-canada-sports-news","tag-canada-trafficcanada-weather","tag-canadian-breaking-news","tag-canadian-news","tag-economy","tag-education","tag-environment","tag-federal-government","tag-foreign-news","tag-globe-and-mail","tag-globe-and-mail-breaking-news","tag-globe-and-mail-canada-news","tag-government","tag-life-news","tag-lifestyle","tag-local-news","tag-manitoba","tag-national-news","tag-new-brunswick","tag-newfoundland-and-labrador","tag-news","tag-northwest-territories","tag-nova-scotia","tag-nunavut","tag-ontario","tag-pei","tag-photos","tag-political-news","tag-political-opinion","tag-politics","tag-politics-news","tag-quebec","tag-sports-news","tag-technology","tag-travel","tag-trudeau","tag-us-news","tag-world-news","tag-yukon"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/252804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=252804"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/252804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/252805"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=252804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=252804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=252804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}