Federal government posts $5.5-billion deficit for April to December

The federal government posted a $5.5\u002Dbillion deficit during the first nine months of its 2022\u002D23 fiscal year.

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In its monthly fiscal monitor, the Finance Department says the result compared with a deficit of $70.1 billion during the same period a year earlier.Sign up to receive daily headline news from the Ottawa SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.

Meanwhile, program expenses excluding net actuarial losses amounted to $282.4 billion for the period, down from $322.0 billion a year earlier, due to the expiration of COVID-19 measures. Public debt charges totalled $25.8 billion for the period, up from $18.7 billion, as a result of higher interest rates and inflation.Share this article in your social network

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