Fiscal Monitor for April 2019 – November 2019


The federal government posted a deficit of $2.7 billion in November 2019, compared to a deficit of $2.2 billion November 2018. All of this deterioration in the monthly deficit was attributable to the timing of payments, most notably transfers to provinces and territories for the Labour Market Development Agreements program and to the Gas Tax Fund and Home Care and Mental Health programs. This implies lower year-over-year expenses in future months.  

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THE “MYSTERIOUS” INCREASE IN THIS YEAR’S DEFICIT

 

As it turns out the increase in the deficit this yea to $26 billion is not that mysterious. It is in fact largely the result of spending and tax policy changes this year and last year. Without these policy actions the deficit would have been about $11 billion this year, $3 billion lower than last year.

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Fiscal Monitor for April – October 201


The federal government posted a deficit of $3.3 billion in October 2019, compared to a deficit of $1.1 billion October 2018.

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Economic and Fiscal “Press Conference”

 

The Minister of Finance presented an Economic and Fiscal Update (Update) at a press conference on Monday.  The Finance Minister had waited for Parliament to adjourn for the holidays before presenting his Update. The press conference lasted about 30 minutes; so much for accountability and transparency.

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Fiscal Monitor for April – September 2019


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Fiscal Monitor for April – August 2019


The federal government posted a deficit of $3.7 billion in August 2019, compared to a deficit of $2.0 billion August 2018.

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