Canada Federal Budgetary Balance (Monthly)

## What this measures

The federal government's surplus (positive) or deficit (negative) for a single month: revenues minus program expenses and public debt charges, including net actuarial losses.

## Why it matters

It is the only monthly read on Ottawa's finances between budgets.

## How to read it

Single months are lumpy (March carries year-end adjustments, and tax deadlines move revenue). Use the 12-month total (canada.federal.budget_balance_12m) for the trend.

## What it does not say

Monthly figures are unaudited and revised at year end. It does not include provinces. The fiscal year runs April to March.

## Source

Finance Canada, The Fiscal Monitor, Chart 1 ("Monthly Budgetary Balance"), from the data tables published on open.canada.ca for each monthly release since 2022. Palanor re-reads the latest release of each year, so revisions carry through.

Contains information licensed under the Open Government Licence – Canada.