Close X
Wednesday, December 4, 2024
ADVT 
National

Federal government posts $13B deficit in first half of the fiscal year

Darpan News Desk The Canadian Press, 29 Nov, 2024 11:08 AM
  • Federal government posts $13B deficit in first half of the fiscal year

The Finance Department says the federal deficit was $13 billion between April and September.

That compares to an $8.2 billion deficit over the same period last year.

According to the monthly fiscal monitor released today, revenues were up $20.3 billion, or 9.6 per cent, compared with the first half of the 2023-24 fiscal year. 

Program expenses excluding net actuarial losses and gains increased $21.7 billion, or 11.2 per cent, due to higher direct program spending and transfers to people and other levels of government.

Public debt charges rose by $5.2 billion, or 22.5 per cent, largely reflecting higher interest rates.

Net actuarial losses and gains decreased by $1.8 billion, or 46.8 per cent.

MORE National ARTICLES

B.C. government delegation jets to California to promote the province's film industry

B.C. government delegation jets to California to promote the province's film industry
Spencer Chandra Herbert, minister of tourism, arts, culture and sport, says in a statement that they want to bring the "biggest productions" to the province, allowing talent in B.C. to continue with work that comes "with a good pay cheque."

B.C. government delegation jets to California to promote the province's film industry

Emergency alert test comes as B.C. mops up from 'bomb cyclone' with high winds

Emergency alert test comes as B.C. mops up from 'bomb cyclone' with high winds
A test for Canada's emergency alert system took place Wednesday just as British Columbia was cleaning up from a so-called "bomb cyclone" weather system that cut power and battered parts of the coast with hurricane-force winds. The national alert system is typically tested twice a year, with the latest alarm sounding in B.C. at 1:55 p.m. Pacific time, in addition to other provinces.

Emergency alert test comes as B.C. mops up from 'bomb cyclone' with high winds

All premiers aligned on push for Canada to have bilateral trade deal with U.S.: Ford

All premiers aligned on push for Canada to have bilateral trade deal with U.S.: Ford
All 13 provincial and territorial premiers are aligned on a push for the federal government to negotiate a bilateral trade deal with the United States, Ontario Premier Doug Ford said Wednesday. Ford, who is the current chair of the Council of the Federation, the group of Canada's 13 premiers, said they had a call and there is a clear consensus that the country needs separate agreements with the U.S. and Mexico.

All premiers aligned on push for Canada to have bilateral trade deal with U.S.: Ford

Arrest made in homicide: VPD

Arrest made in homicide: VPD
Police in Vancouver say they have made an arrest in the stabbing death of a 34-year-old man in the city's Downtown Eastside a year ago. They say Stephen Crock was found on the sidewalk near East Hastings and Columbia suffering from stab wounds on November 21st, 2023.

Arrest made in homicide: VPD

Lineup released for the Invictus Games

Lineup released for the Invictus Games
Vancouver Whistler Games Corporation has announced the lineup for the closing ceremonies of the 2025 Invictus Games. The closing ceremony, which will take place at Rogers Arena on February 16th, will include Nashville country singer Jelly Roll, Canadian rock band Barenaked Ladies, and Americana music duo The War And Treaty.

Lineup released for the Invictus Games

Avian flu at 2 farms in Abbotsford

Avian flu at 2 farms in Abbotsford
The Canadian Food Inspection Agency says it has detected the presence of highly pathogenic avian influenza at two more commercial poultry farms in Abbotsford.  The agency currently lists 43 premises in B-C where the flu has been detected in bird flocks.

Avian flu at 2 farms in Abbotsford