{"id":2804,"date":"2018-03-29T11:06:07","date_gmt":"2018-03-29T15:06:07","guid":{"rendered":"http:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/?guid=78a6c0a3e0921f7d1507c52cfbd5382c"},"modified":"2018-03-29T11:06:07","modified_gmt":"2018-03-29T15:06:07","slug":"feds-post-deficit-of-8-4b-through-first-10-months-of-17-18-estimate","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/03\/29\/feds-post-deficit-of-8-4b-through-first-10-months-of-17-18-estimate\/","title":{"rendered":"Feds post deficit of $8.4B through first 10 months of \u201917-18: estimate"},"content":{"rendered":"<p>OTTAWA &#8212; A preliminary analysis of the federal books says the government ran a budgetary deficit of $8.4 billion through the first 10 months of the fiscal year, compared with a shortfall of $12.8 billion for the same period last year.<\/p>\n<p>The Finance Department&#8217;s latest monthly fiscal monitor shows overall revenues were up $11.6 billion, or 4.9 per cent, compared with the same period last year, thanks to an increase in tax revenues that was only partially offset by a decline in incoming employment insurance premiums.<\/p>\n<p>The government&#8217;s recent budget predicted a shortfall in 2017-18 of $19.4 billion, which is $1 billion more than the deficit projection in its fall fiscal update.<\/p>\n<p>The fiscal monitor says program spending rose $7.4 billion, or 3.2 per cent, compared with the same 10-month stretch last year, due to increases in major transfers to individuals, other levels of government and direct program expenses.<\/p>\n<p>The report says direct program expenses were up $2.8 billion, or 2.8 per cent, largely because of operational and personnel costs at National Defence.<\/p>\n<p>Public debt charges fell $200 million, or 0.9 per cent, mostly due to a lower average effective interest rate on debt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OTTAWA &mdash; A preliminary analysis of the federal books says the government ran a budgetary deficit of $8.4 billion through the first 10 months of the fiscal year, compared with a shortfall of $12.8 billion for the same period last year. The Finance Department&rsquo;s latest monthly fiscal monitor shows overall revenues were up $11.6 billion, [&hellip;]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/2804"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=2804"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/2804\/revisions"}],"predecessor-version":[{"id":2805,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/2804\/revisions\/2805"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=2804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=2804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=2804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}