Source: The Canadian Press, September 19, 2017
OTTAWA — The federal Finance Department says the government ran a smaller deficit than it was expecting in the spring budget, ending its 2016-17 fiscal year with a deficit of $17.8 billion.
That compared with a $23-billion deficit that was forecast in the spring budget.
The smaller-than-expected deficit came as revenue was $1.4 billion higher than expected due to higher GST revenue and non-resident income tax.
