
Small deficit arises following two consecutive quarterly surpluses
In the fourth quarter, the Canadian general government deficit stood at $8.1 billion, following surpluses of $4.3 billion in the third quarter and $12.1 billion in the second quarter.
The net operating balance is the difference between revenues and expenses for a given period and is a summary measure of the sustainability of government operations. When revenues are lower than expenses, a deficit is recorded, while the reverse induces a surplus.
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