{"id":346166,"date":"2025-10-31T18:38:18","date_gmt":"2025-10-31T18:38:18","guid":{"rendered":"https:\/\/www.europesays.com\/us\/346166\/"},"modified":"2025-10-31T18:38:18","modified_gmt":"2025-10-31T18:38:18","slug":"ottawa-posts-11-1-billion-deficit-for-april-to-august-period-of-fiscal-year","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/346166\/","title":{"rendered":"Ottawa posts $11.1-billion deficit for April-to-August period of fiscal year"},"content":{"rendered":"<p><a style=\"display:block\" href=\"https:\/\/www.theglobeandmail.com\/resizer\/v2\/STYOBNQO5FEZPM7SDS7O4HES44.jpg?auth=31efa4881c63ba282d286010f71920bf5a003f0943113fc5edf524fc682803a0&amp;width=600&amp;height=400&amp;quality=80&amp;smart=true\" aria-haspopup=\"true\" data-photo-viewer-index=\"0\" rel=\"nofollow noopener\" target=\"_blank\">Open this photo in gallery:<\/a><\/p>\n<p class=\"figcap-text\">The Finance Department&#8217;s fiscal monitor has released data for the April-to-August period ahead of next week&#8217;s federal budget.Sean Kilpatrick\/The Canadian Press<\/p>\n<p class=\"c-article-body__text text-pr-5\">The federal government posted a deficit of $11.1-billion for the April-to-August period of its 2025-26 fiscal year.<\/p>\n<p class=\"c-article-body__text text-pr-5\">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<p class=\"c-article-body__text text-pr-5\">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<p class=\"c-article-body__text text-pr-5\">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<p class=\"c-article-body__text text-pr-5\">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<p class=\"c-article-body__text text-pr-5\">The figures come ahead of the federal budget next week. <\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: The Finance Department&#8217;s fiscal monitor has released data for the April-to-August period ahead&hellip;\n","protected":false},"author":3,"featured_media":346167,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[2148,2138,671,104,2132,692,2147,2131,2143,2144,2140,2133,2130,79,407,746,2142,2137,2159,2134,2135,454,2139,1165,728,2149,108,2154,2155,50,2157,2152,2156,2150,2153,2136,85,2146,80,2145,2151,1458,158,1164,2141,1154,107,2158],"class_list":{"0":"post-346166","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-alberta","9":"tag-arts-news","10":"tag-bc","11":"tag-breaking-news","12":"tag-breaking-news-video","13":"tag-british-columbia","14":"tag-canada","15":"tag-canada-news","16":"tag-canada-sports","17":"tag-canada-sports-news","18":"tag-canada-trafficcanada-weather","19":"tag-canadian-breaking-news","20":"tag-canadian-news","21":"tag-economy","22":"tag-education","23":"tag-environment","24":"tag-federal-government","25":"tag-foreign-news","26":"tag-globe-and-mail","27":"tag-globe-and-mail-breaking-news","28":"tag-globe-and-mail-canada-news","29":"tag-government","30":"tag-life-news","31":"tag-lifestyle","32":"tag-local-news","33":"tag-manitoba","34":"tag-national-news","35":"tag-new-brunswick","36":"tag-newfoundland-and-labrador","37":"tag-news","38":"tag-northwest-territories","39":"tag-nova-scotia","40":"tag-nunavut","41":"tag-ontario","42":"tag-pei","43":"tag-photos","44":"tag-political-news","45":"tag-political-opinion","46":"tag-politics","47":"tag-politics-news","48":"tag-quebec","49":"tag-sports-news","50":"tag-technology","51":"tag-travel","52":"tag-trudeau","53":"tag-us-news","54":"tag-world-news","55":"tag-yukon"},"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/346166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=346166"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/346166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/346167"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=346166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=346166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=346166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}