By Canadian Press

Federal government posts $3.9B surplus for April-to-August period

Oct 28, 2022 | 8:02 AM

OTTAWA — The federal government posted a surplus of $3.9 billion for the first five months of its 2022-23 fiscal year.

In its monthly fiscal monitor, the finance department says the result for the April-to-August period compared with a deficit of $57.2 billion for the same time last year.

Government revenue for the period totalled $177.2 billion, up from nearly $149 billion a year ago, helped higher by broad-based improvement.

Program expenses excluding net actuarial losses amounted to $154.5 billion compared with $190 billion in the same period last year.

Public debt charges totalled nearly $14.8 billion for the period, up from nearly $9.7 billion.

Shorthanded

Clippers fall short hosting Bulldogs

2h ago

off the schedule

BC Ferries preemptively cancels early Saturday sailings

9h ago

firm handshake

B.C. NDP government, Greens reach 'shared priorities' agreement

12h ago

Net actuarial losses totalled nearly $4.1 billion, down from $6.4 billion a year earlier.

This report by The Canadian Press was first published Oct. 28, 2022.

The Canadian Press