Archived - Release of The Fiscal Monitor

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The Department of Finance reports a $5.1-billion surplus in February; the Government remains on track to balance the budget in 2015

April 25, 2014 – Ottawa, Ontario – Department of Finance

Finance Minister Joe Oliver today released The Fiscal Monitor for February 2014.

There was a budgetary surplus of $5.1 billion in February 2014, compared to a surplus of $3.2 billion in February 2013.

Revenues increased by $2.1 billion, or 8.4 per cent, reflecting increases in all revenue streams. Program expenses increased by $0.1 billion, or 0.5 per cent, while public debt charges increased by $0.1 billion, or 3.2 per cent.  

Quick Facts

  • For the April 2013 to February 2014 period of the 2013–14 fiscal year, the budgetary deficit stood at $5.4 billion, compared to a deficit of $10.7 billion for the same period of 2012–13. 
  • Revenues were up $10.8 billion, or 4.7 per cent, reflecting increases in most revenue streams. 
  • Program expenses were up $5.7 billion, or 2.6 per cent, reflecting increases in major transfers to persons and other levels of government and direct program expenses. Public debt charges were down $0.2 billion, or 0.7 per cent.

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Melissa Lantsman
Director of Communications
Office of the Minister of Finance
613-996-7861

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

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