Federal government posts $12.7B deficit for June, spending down and revenue up
The federal government posted a deficit of $12.7 billion for June compared with a deficit of $33.6 billion in June 2020.The drop in the deficit came as spending dropped compared with a year ago when Ottawa spent billions on emergency aid due to the pandemic and revenue improved.Program spending, excluding net actuarial losses, totalled $39.1 billion in June, down from $51.3 billion a year earlier.Revenue increased to $29.6 billion for the month, up from $19.9 billion in June last year.Public debt charges increased to $1.9 billion from nearly $1.3 billion.The federal deficit for the April to Ju...
8.85 c
