Federal government runs $11-billion deficit for April-to-December period

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The federal government ran a deficit of $11.0 billion over the first nine months of its 2019-20 fiscal year.

In its monthly fiscal monitor, the Finance Department says revenue for the April-to-December period totalled $246.0 billion, up from $239.3 billion a year ago, boosted in large part to an increase in personal income tax revenue.

Program expenses for the nine-month period totalled $238.6 billion, compared with $221.1 billion from the same period a year earlier. The increase in spending came as major transfers to persons rose $3.1 billion compared with a year earlier and major transfers to other levels of government increased $4.9 billion.

Public debt charges increased to $18.4 billion compared with $17.9 billion a year earlier, due to higher consumer price index adjustments on real return bonds and a higher average effective interest rate on the stock of Government of Canada treasury bills.

 

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My children thank you Justin... Silver spoon fed narcissistic stain of a child whose credit cards were always paid off by Daddy's trust fund has ZERO comprehension of fiscal responsibility.

But I thought the books would balance themselves JustinTrudeau ?

Hey you posted this like an hour ago

If this was the number given in October ..... what is the adjusted total after October November and December were added. 🤔

This was known in October.

How much of that was given away to foreign governments.

What do you expect from the incompetent Trudeau gang. Trust fund mentality (Trudeau and the finance minister). More of the Trudeau supporters are jumping ship because they have awoken from their stupor.

Global warming liberalidiots

That's what happens when a child tries to run a country

LisaThompsonMPP What was the Ford deficit?

Where did it go? I didn't get any of it...

In the real world, you'd be fired for this.

Why measure 3 quarters of a year?

That’s how you run a country 👍 the more debt created, the better. canada cdnpoli

Anyone that runs a business of any kind knows this is not good. It’s $ that has to be paid back.

In other words, the Trudeau liberals borrowed 11 billion dollars and charged it to you.

Where was all the whiners last year this time when he was running a surplus? Oh right too busy picking your nose.

Yep. This tracks.....”Let them eat cake”. Good gawd

Stroking Justin's ego isn't cheap.

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