OTTAWA – The federal government ran a budgetary surplus of $400 million in November – thanks in large part to a boost in corporate tax revenues compared to a year earlier.
The Finance Department’s monthly fiscal monitor also says Ottawa were built with a surplus of $1 billion within the first nine months from the 2015-16 fiscal year.
That figure for that April to November period compares having a $3.3-billion deficit within the same time frame in 2014-15.
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A closer consider the numbers implies that government revenues were up 8.2 per cent – or $14.2 billion – this fiscal year when compared with this past year.
Corporate tax revenues were up 23.1 percent over that span, while customs import duties rose 18.3 per cent.
Ottawa’s total expenses were up 5.6 percent between April and November when compared to same period last year – pushed up in part by an 11.1-per-cent rise in major gets in individuals.
