September 2018

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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