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)
  2024 2023
Revenues
Tax revenues, Table 3.2 382,120 379,228
Employment insurance premiums 29,560 26,914
Pollution pricing proceeds 10,503 8,041
Other revenues, Table 3.4 37,366 33,632
Total revenues 459,549 447,815
Expenses
Transfer payments 326,649 308,959
Other expenses, excluding net actuarial losses 140,014 129,596
Total program expenses, excluding net actuarial losses 466,663 438,555
Public debt charges, Table 3.8 47,273 34,955
Total expenses, excluding net actuarial losses, Table 3.6 513,936 473,510
Annual operating deficit before net actuarial losses (negative 54,387) (negative 25,695)
Net actuarial losses (negative 7,489) (negative 9,627)
Annual operating deficit (negative 61,876) (negative 35,322)
Accumulated operating deficit at beginning of year (negative 1,183,618) (negative 1,148,296)
Accumulated operating deficit at end of year (negative 1,245,494) (negative 1,183,618)

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