Archived - Release of The Fiscal Monitor: August 2014

October 31, 2014 – Ottawa, Ontario – Department of Finance

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

There was a budgetary deficit of $0.3 billion in August 2014, compared with a deficit of $2.0 billion in August 2013.

Revenues decreased by $7 million, as increases in personal income tax and Goods and Services Tax revenues were offset by a decrease in corporate income tax revenues. Program expenses decreased by $1.6 billion, or 8.4 per cent, largely reflecting a decrease in direct program expenses. Public debt charges decreased by $0.1 billion, or 4.9 per cent.

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

Stéphanie Rubec
Media Relations
Department of Finance
613-369-4000

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