Government revenues were up $36-billion, or 10.1%, amid stronger economic growth and the fading effect of the pandemic
The federal government posted a budgetary surplus of $3.1-billion between April 2022 and February 2023.
In its monthly fiscal monitor, the Finance Department says the result compared to a deficit of $69.8-billion during the same period during the previous fiscal year. Government revenues were up $36-billion, or 10.1 per cent, amid stronger economic growth and the fading effect of the pandemic. Program expenses excluding net actuarial losses decreased $45.6-billion, or 11.5 per cent, as the federal government wound down COVID-19 supports.Meanwhile, net actuarial losses fell by $0.4-billion, or 4.7 per cent.
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