National

Ottawa posts $21.7 billion deficit for April-to-December period

Darpan News Desk The Canadian Press, 28 Feb, 2025 10:44 AM

The federal government posted a budgetary deficit of $21.7 billion for the April-to-December period of its 2024-25 fiscal year.

The result compared with a deficit of $23.6 billion for the same period a year earlier.

According to the Finance Department's monthly fiscal monitor, revenue for the nine-month period totalled $355.6 billion, up from nearly $318.1 billion a year earlier, boosted by gains in all categories.

Program expenses excluding net actuarial losses amounted to $333.2 billion, up from nearly $301 billion, boosted by increases across all major categories including direct program expenses and major transfers to persons.

Public debt charges totalled $41.1 billion, up from $35.1 billion.

Net actuarial losses were $3 billion, down from $5.7 billion a year ago.

Prev Next

MORE National ARTICLES

Adventure-seeking B.C. couple were victims found on Nova Scotia island: relative

The British Columbia couple whose remains recently washed ashore on Nova Scotia's remote Sable Island have been identified as 70-year-old James Brett Clibbery and his 54-year-old wife, Sarah Packwood. Clibbery’s sister, Lynda Spielman, said Tuesday the RCMP had confirmed their identities.

Adventure-seeking B.C. couple were victims found on Nova Scotia island: relative

Fire numbers fall in B.C. as blaze near Golden destroys homes, spurs evacuation

The Town of Golden confirmed Thursday that the fire burning south of the community had destroyed "several structures," but it did not provide specifics. It said in a social media post that the 1.33-square-kilometre blaze, known as the Dogtooth Forest Service Road fire, had spread north, but rain and a northern wind are expected to help the fire fight.

Fire numbers fall in B.C. as blaze near Golden destroys homes, spurs evacuation

B.C. lets wineries import grapes for 2024 vintages after 'devastating' winter losses

The B.C. government says wineries can import grapes and juice to make their 2024 vintages after "devastating" losses this winter. The province says allowing winemakers to import grapes from outside B.C. is a "temporary measure" to prop-up hundreds of wineries and thousands of jobs after freezing weather wiped out this year's harvest.

B.C. lets wineries import grapes for 2024 vintages after 'devastating' winter losses

90% of B.C. communities adopt province's plans for more small-scale housing

Almost all British Columbia communities have adopted the provincial government's plan to tackle the housing crisis by allowing more multi-unit homes on properties. The province says nearly 90 per cent of 188 local governments have followed the legislation that would allow for row homes, triplexes and townhouses on former single-home lots.

90% of B.C. communities adopt province's plans for more small-scale housing

TransLink warns of huge public transport cuts unless '$600m funding gap' is addressed

Metro Vancouver's transportation provider TransLink is warning of massive service cuts unless a $600-million funding gap is addressed. It says overall transit reductions of up to 50 per cent would be required starting in 2026, eliminating about 145 bus routes and "significantly reducing" SkyTrain, SeaBus and HandyDART services.

TransLink warns of huge public transport cuts unless '$600m funding gap' is addressed

Calgary officials send crews to Jasper fire, explain why evacuation centre shuttered

Calgary emergency officials say they’re sending crews to help the Jasper wildfire while explaining why they briefly shuttered their evacuation centre just as the fire roared into the townsite and started burning structures. Sue Henry, the head of Calgary’s emergency services, said 19 Calgary crews were headed north to the fire scene.