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The result came as revenue totalled $404.83 billion for the ten-month period, up from $398.59 billion a year earlier, reflecting increases in customs import duties due to the countermeasures imposed in response to U.S. tariffs, and corporate and personal income tax revenues.

Meanwhile, program expenses excluding net actuarial losses amounted to $386.48 billion compared with $376.54 billion a year earlier, due to increases in direct program spending, major transfers to persons and major transfers to provinces, territories and municipalities.

Public debt charges totalled $45.41 billion, down slightly from $45.54 billion a year earlier, due to lower short-term interest rates on treasury bills and lower net interest on cross-currency swap transactions and other liabilities.

Net actuarial losses were $4.15 billion, up from $3.35 billion a year earlier.

This report by ¹ú²úÓÕ»ó¸£Àû was first published March 27, 2026.