Section 3—Revenues, expenses and accumulated deficit

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Revenues, expenses and accumulated deficit

This section presents information on revenues, expenses and the 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 3.1
Revenues, expenses and accumulated deficit
(in millions of dollars)
  2016–2017 2015–2016
Revenues
Tax revenues, Table 3.2 244,315 242,651
Employment insurance premiums 22,125 23,070
Other revenues, Table 3.4 27,055 29,732
Total revenues 293,495 295,453
Expenses
Transfer payments 201,170 183,629
Other expenses 85,986 87,368
Total expenses 287,156 270,997
Public debt charges, Table 3.8 24,109 25,443
Total expenses, Table 3.6 311,265 296,440
Annual deficit (negative 17,770) (negative 987)
Accumulated deficit at beginning of year (negative 615,986) (negative 612,330)
Other comprehensive income or (loss) 1,857 (negative 2,669)
Accumulated deficit at end of year (negative 631,899) (negative 615,986)

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