Government Runs $9.8 Billion Deficit Between April-August, Up from $4.3 Billion Last Year During That Period

Debt servicing costs are also up. Despite rising government revenues, Canada's budget deficit is still going up. That's because government spending is rising at an even faster pace. While revenue has risen $16.7 billion (9.3%) compared to last year, federal spending is up $17.9 billion (11%). This has pushed the budget deficit for the period...

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