Government finance statistics, fourth quarter 2022

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.

Continue reading

Contact information

For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136514-283-8300infostats@statcan.gc.ca) or Media Relations (statcan.mediahotline-ligneinfomedias.statcan@statcan.gc.ca).

Type