million deficit year earlier
OTTAWA The federal budget was in the black in December as Ottawa recorded a $1.1 billion surplus.
That compares with a $70 rolex watches for sale 0 million deficit recorded in December 2012.
In its monthly Fiscal Monitor, the Finance Department said revenues increased by $1.7 billion, or 7.9%, in December, reflecting increases in most revenue streams.
Program expenses rose by $100 million, or 0.5%, while public debt charges decreased by rolex watches for sale $200 million.
For the first nine months of the 2013 14 fiscal year, the government ran a deficit of $12.7 billion, compared with the $14.4 billion deficit recorded in the same April December period of 2012.
Revenues were up $7.5 billion, or 4.1% in the April December period, while program expenses were up $6.2 billion, or 3.5%.
Public debt charges were down $300 million.
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The government had forecast a deficit of $16.6 billion for the 2013 14 fiscal year, and the December figure is close to that track.
The last budget predicted a deficit of $2.9 billion for 2014 15 and a surplus of $6.4 billion for 2015 16.
December revenues totalled $23.8 billion, with higher returns from personal and corporate income taxes, excise taxes and duties, EI pr rolex watches for sale emiums and other revenues.
December expenses totalled $20.5 billion, with higher payments to individuals and slightly smaller transfers t rolex watches for sale o other levels of government.
For the first nine months of the fiscal year, revenues totalled $190.5 billion. Program expenses totalled $181.3 billion and public debt charges were $21.9 billion.