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Federal government posts $19.1B deficit for April to November period

Government revenues for the eight-month period totalled $281.8 billion, up 2.6%
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The federal government posted a deficit of $19.1 billion for the first eight months of its 2023-24 fiscal year. The Peace Tower of Parliament Hill is shown in Ottawa, Wednesday, Dec. 13, 2023. THE CANADIAN PRESS/Sean Kilpatrick

The federal government posted a deficit of $19.1 billion for the first eight months of its 2023-24 fiscal year.

The result for the April-to-November period compared with a deficit of nearly $3.6 billion reported for the same stretch of its 2022-23 fiscal year.

Government revenues for the eight-month period totalled $281.8 billion, up 2.6 per cent from $274.7 billion in the same period a year earlier.

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