Section 3: Revenues, expenses and accumulated deficit for the year ended March 31
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Revenues, expenses and accumulated deficit
2021 | 2020 | |
---|---|---|
Revenues | ||
Tax revenues, Table 3.2 | 283,928 | 280,992 |
Employment insurance premiums | 22,392 | 22,219 |
Proceeds from the pollution pricing framework | 4,380 | 2,655 |
Other revenues, Table 3.4 | 5,746 | 28,265 |
Total revenues | 316,446 | 334,131 |
Expenses | ||
Transfer payments | 489,433 | 243,276 |
Other expenses, excluding net actuarial losses | 119,089 | 95,191 |
Total program expenses, excluding net actuarial losses | 608,522 | 338,467 |
Public debt charges, Table 3.8 | 20,358 | 24,447 |
Total expenses, excluding net actuarial losses, Table 3.6 | 628,880 | 362,914 |
Annual deficit before net actuarial losses | (negative 312,434) | (negative 28,783) |
Net actuarial losses | (negative 15,295) | (negative 10,609) |
Annual deficit | (negative 327,729) | (negative 39,392) |
Accumulated deficit at beginning of year | (negative 721,360) | (negative 685,450) |
Other comprehensive income | 343 | 3,482 |
Accumulated deficit at end of year | (negative 1,048,746) | (negative 721,360) |
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