Fiscal Monitor for April – June 2018: The Good News Continues


The federal government posted a surplus of $1.1 billion in June 2018, compared to a surplus of only $16 million in June 2017.  As a result, for the first three months of fiscal year 2018-19, the federal government posted a surplus of $4.3 billion compared to a surplus of only $0.1 billion in the same three months of 2017-18. Budgetary revenues were up $6.5 billion, program expenses increased by $1.6 billion, while public debt charges were up $0.7 from year earlier levels.

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Fiscal Monitor for April – May 2018: Great Start to the New Fiscal Year


For the first two months of fiscal year 2018-19, the federal government posted a surplus of $$3.2 billion compared to a surplus of only 68 million in the same two months of 2017-18.

Most of the surplus was included in April ($2.5 billion), while a surplus of $0.6 billion was recorded in May. Budgetary revenues were up $4.3 billion, program expending increased by $0.7 billion, while public debt charges were up $0.5 from year earlier levels.

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Deficit Outcome for 2017-18 on Track to be Lower Than Forecast in the 2018 Budget


The federal government posted a budgetary deficit of $10.4 billion in March 2018, compared to deficit of $10.6 billion in March 2017.

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Fiscal Monitor for February 2018


The federal government posted a budgetary surplus of $2.8 billion in February 2018, compared to surplus of $1.3 billion in February 2017.

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Fiscal Monitor for April – May 2017: A Small Surplus That Is Not Expected to Last


For the first two months of fiscal year 2017-18, the federal government posted a surplus of $68 million, compared to a surplus of $114 million from the same period in 2016-17. The slight deterioration in the surplus was largely attributable to a 28.3% year-over-year increase in the Canada Child Benefit, reflecting the 2016 Budget measures, which came into effect in July 2016.

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Federal “Market Debt” First Exceeded $1 Trillion Six Years Ago Under the Harper Government

 

The print and TV media recently picked up on a statement in the 2018 Budget that the federal government’s “market” debt would exceed $1 trillion.  They reported this as the tipping point for federal finances, as if the government had hit the proverbial “fiscal wall”.

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