Ottawa runs $400M surplus in November, $1B in the black so far for 2015-16


Regulation revenues up $14.2 billion this fiscal year com red to done period last year

The Canadian Press Posted: Jan 29, 2016 11:45 AM ET Up to date Updated: Jan 29, 2016 11:45 AM ET

The federal government ran a budgetary surplus of $400 million in November — thanks in portly rt to a boost in corporate tax revenues com red to a year earlier.

The Subsidize De rtment’s monthly fiscal monitor also says Ottawa had a overage of $1 billion over the first nine months of the 2015-16 monetary year.

That figure for the April to November period com res with a $3.3-billion deficiency over the same time frame in 2014-15.

A closer look at the legions shows that government revenues were up 8.2 per cent — or $14.2 billion — this economic year com red to last year.

Corporate tax revenues were up 23.1 per cent during the course of that s n, while customs import duties rose 18.3 per cent.

Ottawa’s mount up to expenses were up 5.6 per cent between April and November ralleled to the same period last year — pushed up in rt by an 11.1-per-cent widen in major transfers to individuals.

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