OTTAWA -
The federal authorities posted a deficit of $95.6 billion for its 2021-22 fiscal yr.
In its month-to-month fiscal monitor report, the Finance Division says the tally for the April 2021 to March 2022 interval in contrast with a deficit of $314.0 billion a yr earlier.
Program bills, excluding internet actuarial losses, totalled $457.3 billion, down from $577.6 billion a yr earlier due largely to decrease transfers to companies, people, and different ranges of presidency.
Public debt prices rose to $24.8 billion in contrast with $20.5 billion a yr earlier.
Income for the fiscal yr totalled $396.8 billion, up from $299.5 billion, resulting from greater tax and different revenues.
Internet actuarial losses had been $10.3 billion, down from $15.4 billion.
This report by The Canadian Press was first revealed Could 27, 2022
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