OTTAWA – The federal government posted a budgetary deficit of $7.8 billion for the first four months of its 2025-26 fiscal year.
According to the Finance Department’s monthly fiscal monitor, the result for the April-to-July period compared with a deficit of $7.3 billion in the same period a year earlier.
Revenue for the period totalled $163.4 billion, up from $160.8 billion a year earlier, as tax revenues rose 4.5 per cent.
ARTICLE CONTINUES BELOW
Total program expenses, excluding net actuarial losses, increased to $151.3 billion compared with $146.9 billion.
Public debt charges for the period amounted to $18.6 billion, down from $18.7 billion.
Net actuarial losses were $1.3 billion, down from $2.5 billion a year earlier.
This report by The Canadian Press was first published Sept. 26, 2025.
Politics Headlines Newsletter Get the latest news and unmatched insights in your inbox every evening
Error! Sorry, there was an error processing your request.
There was a problem with the recaptcha. Please try again.
Please enter a valid email address. Sign Up Yes, I’d also like to receive customized content suggestions and promotional messages from the Star.
You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy. This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply.
Politics Headlines Newsletter You’re signed up! You’ll start getting Politics Headlines in your inbox soon.
Want more of the latest from us? Sign up for more at our newsletter page.
