Release of The Fiscal Monitor, December 2012

February 25, 2013

The Honourable Jim Flaherty, Minister of Finance, today released The Fiscal Monitor for December 2012.

Highlights

December 2012: budgetary deficit of $0.6 billion

There was a budgetary deficit of $0.6 billion in December 2012, compared to a deficit of $0.5 billion in December 2011.

Revenues increased by $0.6 billion, or 2.8 per cent, reflecting increases in income tax revenues and excise taxes and duties, offset in part by a decrease in other revenues. Program expenses increased by $0.7 billion, or 3.8 per cent, reflecting increases in major transfers to persons and other levels of government. Public debt charges decreased by $0.1 billion, or 4.2 per cent.

The entire document is available here:
http://www.fin.gc.ca/n13/13-027-eng.asp

Topic(s)

International Trade and Border Management

Information source

Global Affairs Canada (GAC)

Disclaimer

The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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