The federal government posted a deficit of $5.36 billion for the first five months of its 2026-27 fiscal year.

OTTAWA — The federal government posted a deficit of $5.36 billion for the first five months of its 2026-27 fiscal year.

In its monthly fiscal monitor report, the Finance Department says the result compared with a deficit of $11.07 billion in the same April-to-August period a year earlier.

  • Scotty@scribe.disroot.org
    2·
    14 hours ago

    I don’t understand some comments. The budget deficit almost halved compared to the same period last year, with revenues totalling $215.5 billion (+ $14.4 billion or 7.1%), and expenses totalling $220.9 billion (+ $8.6 billion or 4.1%).

    The most important single expense appears to be the public-debt charges which climbed 16.1%, but I don’t see what this has to do with AI or the like.