Section 3 - Revenues, Expenses and Accumulated Deficit

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Table of contents

Revenues, Expenses and Accumulated Deficit

This section provides information on the revenues, expenses and accumulated deficit of the Government as summarized in Table 3.1.

A narrative description is provided for certain accounts reported in some tables. Such descriptions follow the same presentation order as their respective tables.

Table Summary

The table presents, in millions of dollars, a two‑year comparative of the revenues, expenses and accumulated deficit. It consists of three columns: a detailed listing of components; current year; previous year. The first series of rows presents the revenues. The second series of rows presents the expenses which is divided into two sub‑sections with their respective subtotals. The final row of the series presents the total expenses. The following row presents the annual (surplus) or deficit — result of revenues minus expenses. The final series of rows presents the accumulated deficit at beginning of year minus other comprehensive loss or (income), namely the accumulated deficit at end of year.

(in millions of dollars)

Table 3.1
Revenues, Expenses and Accumulated Deficit

  2014–2015 2013–2014
Revenues —    
Tax revenues, Table 3.2 228,588 219,938
Employment insurance premiums 22,564 21,766
Other revenues, Table 3.4 31,194 29,973
Total revenues 282,346 271,677
Expenses —    
Transfer payments 174,693 169,395
Other program expenses 79,148 79,212
Total Program Expenses 253,841 248,607
Public debt charges, Table 3.8 26,594 28,220
Total Expenses, Table 3.6 280,435 276,827
Annual (Surplus) or Deficit (negative 1,911) 5,150
Accumulated Deficit at Beginning of Year 611,881 609,391
Other Comprehensive Loss or (Income) 2,360 (negative 2,660)
Accumulated Deficit at End of Year 612,330 611,881

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