The April to November shortfall was C$73.70 billion ($57.75 billion) compared with a C$232.02 billion deficit over the same eight months in 2020/21, the data showed.
“As expected, the government’s 2021–22 financial results show a marked improvement compared to the peak of the COVID-19 crisis,” the finance ministry said. “That said, they continue to reflect challenging economic conditions.”
April-November revenues grew by 34.3%, led by higher tax revenues and other revenues. Program expenses fell 25.1%, largely on lower emergency transfers to individuals and businesses.
On a monthly basis, Canada posted a deficit of C$1.44 billion, compared to a C$15.40 billion deficit in November 2020.
($1 = 1.2763 Canadian dollars)
Source: Economy - investing.com
