The federal government in Ottawa posted a budget deficit of $69.8 billion for the April-to-
February period of its 2021-22 fiscal year as revenues steadily grew.
The federal Finance Department says the latest tally compared with a deficit of $282.6 billion for
the same period of its 2020-21 fiscal year.
Program expenses, excluding net actuarial losses, totalled $395.5 billion, down from $514.8
billion in the 11-month period a year earlier due to lower transfers to individuals, businesses,
and other levels of government.
Public debt charges rose to $22.3 billion compared with $18.6 billion a year earlier. Revenue for
the period was $357.4 billion, up from $264.9 billion, primarily due to higher tax and other
revenues.
Net actuarial losses for the period totalled $9.5 billion compared with $14.1 billion a year earlier.
