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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