Federal deficit on track to come in near $19.4-billion for 2017-18: report
Ottawa recorded a $10.6-billion deficit in March and now expects the final deficit figure for 2017-18 will be in line with the $19.4-billion estimated in the February budget.
The Finance Department released its monthly Fiscal Monitor report Friday, which tracks federal spending and revenue. The latest report covers the full 12 months of the 2017-18 fiscal year which ended March 31, but further adjustments will be made to the figures before they are finalized in the fall public accounts.
The deficit reported for March was almost identical to the one recorded for the same month a a year earlier.
“Taking year-end adjustments into account, results to date are broadly in line with a $19.4-billion deficit projected in budget 2018,” the report states.