Federal Government Posts $12.7B Deficit for June, Spending Down and Revenue Up

The Confederation Building reflects off the windows of a building in downtown Ottawa, on April 7, 2020. The Canadian Press/Sean Kilpatrick

OTTAWA—The federal government posted a deficit of $12.7 billion for June compared with a deficit of $33.6 billion in June 2020.

The drop in the deficit came as spending dropped compared with a year ago when Ottawa spent billions on emergency aid due to the pandemic and revenue improved.