Section 3: Revenues, expenses and accumulated deficit for the year ended March 31

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Revenues, expenses and accumulated operating deficit

Table 3.1
Revenues, expenses and accumulated operating deficit
(in millions of dollars)
  2023 2022
(Restated)
Revenues
Tax revenues, Table 3.2 379,228 350,669
Employment insurance premiums 26,914 23,856
Proceeds from the pollution pricing framework 8,041 6,341
Other revenues, Table 3.4 33,632 32,411
Total revenues 447,815 413,277
Expenses
Transfer payments 308,959 344,474
Other expenses, excluding net actuarial losses 129,596 124,445
Total program expenses, excluding net actuarial losses 438,555 468,919
Public debt charges, Table 3.8 34,955 24,487
Total expenses, excluding net actuarial losses, Table 3.6 473,510 493,406
Annual deficit before net actuarial losses (negative 25,695) (negative 80,129)
Net actuarial losses (negative 9,627) (negative 10,186)
Annual operating deficit (negative 35,322) (negative 90,315)
Accumulated operating deficit at beginning of year (negative 1,148,296) (negative 1,054,125)
Other comprehensive income – 4,465
Accumulated operating deficit at end of year (negative 1,183,618) (negative 1,139,975)

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