Archived - Release of The Fiscal Monitor for November 2014

January 30, 2015 – Ottawa, Ontario – Department of Finance

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

There was a budgetary surplus of $0.6 billion in November 2014, compared with a deficit of $0.6 billion in November 2013.

Revenues increased by $1.0 billion, or 4.5 per cent, as increases in personal income tax revenues and other revenues were partially offset by a decrease in corporate income tax revenues. Program expenses decreased by $0.1 billion, or 0.4 per cent, as a decrease in direct program expenses was largely offset by increases in major transfers to persons and other levels of government. Public debt charges decreased by $0.1 billion, or 5.5 per cent.

Nicholas Bergamini
Press Secretary
Office of the Minister of Finance

Stéphanie Rubec
Media Relations
Department of Finance

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