May 2011

Deficit for 2010-11 will be at least $5 Billion Lower Than Forecast in the 2011 Budget


The March 2011 Fiscal Monitor reports a deficit of $34.4 billion for the April 2010 to March 2011 period, $12.6 billion lower than reported for the same period last year.  These are not the final numbers for 2010-11.  Still to come are the end-of-year accrual accounting adjustments.  Final audited results are usually published in the early fall.

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