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.

The Department of Finance reports a $6.7-billion deficit in March; the Government remains on track to balance the budget in 2015

May 30, 2014 – Ottawa, Ontario – Department of Finance

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

There was a budgetary deficit of $6.7 billion in March 2014, compared to a deficit of $8.0 billion in March 2013.

Revenues increased by $2.4 billion, or 10.7 per cent, reflecting increases in most revenue streams. Program expenses increased by $1.1 billion, or 3.9 per cent, while public debt charges decreased by $1 million.

Quick Facts

  • For the April 2013 to March 2014 period, the budgetary deficit stood at $12.1 billion, compared to a deficit of $18.7 billion for the same period of 2012–13.
  • Revenues were up $13.2 billion, or 5.2 per cent, reflecting increases in most revenue streams. 
  • Program expenses were up $6.8 billion, or 2.8 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 0.6 per cent.

Related Products

Media Contacts

Melissa Lantsman
Director of Communications
Office of the Minister of Finance

Jack Aubry
Media Relations
Department of Finance

Stay Connected