Federal Government Posts $1.5B Surplus for First Two Months of Fiscal Year

Federal Government Posts $1.5B Surplus for First Two Months of Fiscal Year
The Canadian flag flies near the Peace Tower on Parliament Hill in Ottawa on June 17, 2020. Adrian Wyld/The Canadian Press
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The federal government posted a budgetary surplus of $1.5 billion in April and May, the first two months of the 2023-24 fiscal year.

In its monthly fiscal monitor, the Finance Department says the result compared to a surplus of $5.3 billion during the same period in the previous fiscal year.