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submitted 4 days ago by quanin@lemmy.ca to c/canada@lemmy.ca

OTTAWA — The federal government posted a deficit of $5.36 billion for the first five months of its 2026-27 fiscal year.

In its monthly fiscal monitor report, the Finance Department says the result compared with a deficit of $11.07 billion in the same April-to-August period a year earlier.

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[-] nik282000@lemmy.ca 1 points 1 day ago

Ok, can you explain away the >200B they will be on the hook to pay back over the next 2 years?

[-] NotMyOldRedditName@lemmy.world 1 points 1 day ago

Is that debt they are paying back, or is that shit they bought and are going to be contractually obligated to pay over thr 2 years?

Either way completely different than the paper loss

this post was submitted on 31 Oct 2026
45 points (95.9% liked)

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