Finance Minister Bill Morneau speaks to the Economic Club of Canada on Thursday, June 23, 2016. (Photo: Eduardo Lima/CP)The document says for the two months combined, revenues fell by about $1 billion, or 2.1 per cent, largely due to smaller returns from Crown corporations, sales revenues and net foreign exchange revenues. The government says over the same two-month period, program expenses increased by about $3.5 billion, or 8.8 per cent, mostly because of payments such as benefits for children, seniors and those on employment insurance, as well as direct program spending. The report also says public debt charges were down about $700 million, or 13.5 per cent, over those two months, mainly due to adjustments connected to the lower inflation rate.
ALSO ON HUFFPOST: