Archived - Release of The Fiscal Monitor: July 2014

September 26, 2014 – Ottawa, Ontario – Department of Finance

Finance Minister Joe Oliver today released The Fiscal Monitor for July 2014.

There was a budgetary deficit of $1.2 billion in July 2014, compared to a deficit of $2.0 billion in July 2013.

Revenues increased by $1.9 billion, or 9.5 per cent, due mainly to higher personal and corporate income tax revenues. Program expenses increased by $1.1 billion, or 5.8 per cent, largely reflecting increases in major transfers to other levels of government and direct program expenses. Public debt charges increased by $14 million, or 0.6 per cent.

Nicholas Bergamini
Press Secretary
Office of the Minister of Finance
613-369-5696

Jack Aubry
Media Relations
Department of Finance
613-369-4000

Page details

Date modified: