“TINY” DEFICIT NO BIG DEAL


The 2018 Economic and Fiscal together with Budget 2019 represent the beginning of the 2019 Liberal election platform. It is also the beginning of a major headache for the “deficit elimination” Conservatives. The Harper government, after all, failed to eliminate the deficit over eight years, despite cutting spending in successive budgets. What would Mr. Sheer do to eliminate the deficit that the Harper government hasn’t already done?

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Fiscal Monitor for April 2018– January 2019


The federal government posted a deficit of $1.7 billion in January 2019, compared to a surplus of $125 million in January 2018. 

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Fiscal Monitor for April – December 2018


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Fiscal Monitor for April – November 2018


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Fiscal Monitor for April – October 2018


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Fiscal Monitor for April – September 2018


The federal government posted a deficit of $1.4 billion in September 2018, compared to a deficit of $3.3 million in September 2017.  Budgetary revenues were up 13.4%, reflecting strong increases in all major components.  Program expenses advanced 2.2%, as a decline in other direct program expenses dampened increases in the other major components.  Public debt charges were up a whopping 33.5% reflecting higher CPI adjustments on Real Return Bonds and a higher average effective interest rate on the stock of Treasury Bills.

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