Ottawa, April 26, 2013
2013-063

Archived - Release of The Fiscal Monitor

Archived information

Archived information is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.

Related Document:


The Honourable Jim Flaherty, Minister of Finance, today released The Fiscal Monitor for February 2013.

Highlights

February 2013: budgetary surplus of $1.6 billion

There was a budgetary surplus of $1.6 billion in February 2013, compared to a surplus of $1.5 billion in February 2012.

Revenues increased by $0.5 billion, or 2.4 per cent, reflecting an increase in income tax revenues. Program expenses increased by $0.6 billion, or 3.1 per cent, reflecting increases in major transfers to persons and other levels of government and direct program expenses. Public debt charges decreased by $0.1 billion, or 5.5 per cent.

April 2012 to February 2013: budgetary deficit of $11.8 billion

For the first 11 months of the 2012–13 fiscal year, the budgetary deficit stood at $11.8 billion, compared to a deficit of $12.6 billion reported in the same period of 2011–12.

Revenues were up $5.1 billion, or 2.3 per cent, reflecting higher income tax revenues, excise taxes and duties, and Employment Insurance premium revenues. Program expenses were up $6.1 billion, or 2.9 per cent, reflecting increases in major transfers to persons and other levels of government and direct program expenses. Public debt charges were down $1.7 billion, or 6.1 per cent.

For further information, media may contact:

Kathleen Perchaluk
Press Secretary
Office of the Minister of Finance
613-996-7861

Jack Aubry
Media Relations
Department of Finance
613-996-8080

Stay connected: