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

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Revenues, expenses and accumulated deficit

Table 3.1
Revenues, expenses and accumulated deficit
(in millions of dollars)
  2020 2019
Revenues
Tax revenues, Table 3.2 280,992 280,846
Employment insurance premiums 22,219 22,295
Fuel charge proceeds 2,655 –
Other revenues, Table 3.4 28,265 29,077
Total revenues 334,131 332,218
Expenses
Transfer payments 243,276 224,478
Other expenses, excluding net actuarial lossesLink to footnote 1 95,191 90,077
Total program expenses, excluding net actuarial lossesLink to footnote 1 338,467 314,555
Public debt charges, Table 3.8 24,447 23,266
Total expenses, excluding net actuarial losses, Table 3.6Link to footnote 1 362,914 337,821
Annual deficit before net actuarial lossesLink to footnote 1 (negative 28,783) (negative 5,603)
Net actuarial lossesLink to footnote 1 (negative 10,609) (negative 8,361)
Annual deficit (negative 39,392) (negative 13,964)
Accumulated deficit at beginning of year (negative 685,450) (negative 671,254)
Other comprehensive income (loss) 3,482 (negative 232)
Accumulated deficit at end of year (negative 721,360) (negative 685,450)

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