February 2013
ONCE AGAIN THE MAIN ESTIMATES ARE MISLEADING
The President of the Treasury Board tabled the Main Estimates for 2013-14 on February 26, 2013. He claimed that “voted” expenditures were down $4.9 billion from that tabled for 2012-13 in February 2012. Although his math is correct, the statement is extremely misleading.
FISCAL MONITOR FOR DECEMBER 2012: SIGNS POINT TO A LOWER DEFICIT OUTCOME FOR 2012-13
For the first nine months (April to December) of fiscal year 2012-13, the federal government posted a deficit of $13.0 billion, down $3.1 billion from the deficit of $16.1 billion reported in the same period in 2011-12.
