Section 3—Revenues, expenses and accumulated deficit

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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. It 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 (deficit) surplus—result obtained by subtracting expenses from revenues. The final series of rows presents the accumulated deficit at beginning of year minus the other comprehensive loss, namely the accumulated deficit at end of year.

Table 3.1
Revenues, expenses and accumulated deficit
(in millions of dollars)
  2015–2016 2014–2015
Revenues
Tax revenues, Table 3.2 242,651 228,588
Employment insurance premiums 23,070 22,564
Other revenues, Table 3.4 29,732 31,194
Total revenues 295,453 282,346
Expenses
Transfer payments 183,629 174,693
Other program expenses 87,216 79,148
Total program expenses 270,845 253,841
Public debt charges, Table 3.8 25,595 26,594
Total expenses, Table 3.6 296,440 280,435
Annual (deficit) surplus (negative 987) 1,911
Accumulated deficit at beginning of year 612,330 611,881
Other comprehensive loss (negative 2,669) (negative 2,360)
Accumulated deficit at end of year 615,986 612,330

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