OTTAWA – The federal government has a $ 95.6 billion deficit for fiscal year 2021-22.
In its monthly fiscal monitoring report, the Department of Finance says the count for the period from April 2021 to March 2022 compared to a deficit of $ 314 billion a year earlier.
Program spending, excluding net actuarial losses, was $ 457.3 billion, down from $ 577.6 billion the previous year, largely due to lower transfers to businesses, individuals and other levels. of government.
Public debt charges rose to $ 24.8 billion compared to $ 20.5 billion the previous year.
Fiscal year revenue was $ 396.8 billion, up from $ 299.5 billion, due to higher taxes and other revenue.
Net actuarial losses were $ 10.3 billion, below $ 15.4 billion.
This report from The Canadian Press was first published on May 27, 2022.
The Canadian press