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MNI: Canada Apr-Aug Budget Deficit Doubles On Spending

MNI (OTTAWA) - Canada's budget deficit more than doubled to CAD9.8 billion over the first five months of the fiscal year compared with the previous period as spending and interest charges rose faster than revenue, the first monthly figures since Parliament's budget office said the government is on track to break its fiscal anchor.

The shortfall widened from CAD4.3 billion recorded in the previous period from April to August of last year, according to the Finance Department's Fiscal Monitor published Friday. 

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MNI (OTTAWA) - Canada's budget deficit more than doubled to CAD9.8 billion over the first five months of the fiscal year compared with the previous period as spending and interest charges rose faster than revenue, the first monthly figures since Parliament's budget office said the government is on track to break its fiscal anchor.

The shortfall widened from CAD4.3 billion recorded in the previous period from April to August of last year, according to the Finance Department's Fiscal Monitor published Friday. 

Keep reading...Show less