Release of The Fiscal Monitor, January 2013

March 22, 2013

The Honourable Jim Flaherty, Minister of Finance, released The Fiscal Monitor for January 2013.

Highlights

January 2013: budgetary deficit of $0.4 billion

There was a budgetary deficit of $0.4 billion in January 2013, compared to a surplus of $1.9 billion in January 2012.

Revenues decreased by $0.8 billion, or 3.6 per cent, reflecting decreases in income tax revenues and excise taxes and duties. Program expenses increased by $1.7 billion, or 8.9 per cent, largely reflecting an increase in major transfers to other levels of government. Public debt charges decreased by $0.2 billion, or 9.8 per cent.

The entire document is available at:
http://www.fin.gc.ca/n13/13-041-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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