Federal Government Posts $50.9 Billion Deficit for 2023-24 Fiscal Year

The Peace Tower on Parliament Hill is pictured from the West Gate in Ottawa on May 6, 2024. The Canadian Press/Sean Kilpatrick

The federal government ended the 2023-24 fiscal year with a deficit of $50.9 billion.

The result for the April-to-March period compared with a deficit of $41.3 billion reported for the same stretch of its 2022-23 fiscal year.