$7.2 billion deficit recorded for first quarter of 2010-11

The August release of the Department of Finance publication The Fiscal Monitor indicates that the federal government deficit for the first quarter (April to June) of the 2010-11 fiscal year stood at $7.2 billion. The press release announcing the deficit figure, which can be found at http://www.fin.gc.ca/n10/10-073-eng.asp, states as well that, on balance, the first quarter deficit figure is broadly consistent with the projected deficit of $49.2 billion for the 2010-11 fiscal year overall.

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Posted: Friday, September 3rd, 2010 | Categories: Businesses, Individuals.