Finance Minister Chrystia Freeland is meeting with private sector economists Friday afternoon ahead of a promised fall fiscal update, while a new report from her department shows the federal deficit stood at $68.6-billion at the halfway point of the current fiscal year.
Finance Canada’s monthly fiscal monitor report, which tracks federal spending and revenue trends, said the $68.6-billion deficit from April to September compares to a deficit of $198.1-billion during those same six months one year earlier as Canada dealt with the initial waves of the COVID-19 pandemic.
Friday’s report said there was a budgetary deficit of $11.4-billion September 2021, compared to a deficit of $27.6-billion in September 2020.
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