The Department of Finance’s fiscal monitor was released yesterday, showing that for the first quarter of the 2022-23 fiscal year, the government ran a $10.2 billion surplus, which is not a big surprise considering that the economy is overheated, and that’s generating a lot of revenues, particularly with high oil prices. Of course, this comes with the caveat that Q4 tends to book a lot of the expenses and liabilities that drag the figure down at the end of the fiscal year, but it’s a promising sign, and it’s certainly showing that all of the wailing and gnashing of teeth about the government’s spending and deficit has been largely for naught, and that maybe Chrystia Freeland is a better fiscal steward than they think she is.
We're also seeing larger increases in revenues and decreases in expenditures than expected.
Budget balances normally drop in Q4, so this doesn't necessarily imply a surplus for the year. But historical patterns + Q1 data suggests a surplus could potentially happen in 2022/23. https://t.co/ys7ShzFHk3
— Trevor Tombe (@trevortombe) August 26, 2022
https://twitter.com/kevinmilligan/status/1563202103186968576
https://twitter.com/kevinmilligan/status/1563231824935292929
https://twitter.com/kevinmilligan/status/1563233131280629764
https://twitter.com/kevinmilligan/status/1563249022860935168
Ukraine Dispatch, Day 184:
As overnight shelling continued near the Zaporizhzhia nuclear plant, people in the vicinity have been issued iodine tablets in the event that there is a catastrophic failure and containment is breached, releasing radiation. So that’s cheery.
new yale report says russia runs at least 21 filtration camps to assist genocide in ukraine https://t.co/CRN9KQ5Ph2
— вареничок.eristavi 🇺🇦🏳️🌈 (@maksymeristavi) August 26, 2022
We’re working with international partners to detect, correct, and call out the Kremlin’s state-sponsored disinformation about Ukraine.
Read the latest information based on Canadian Forces Intelligence Command analysis. 1/7 pic.twitter.com/d1gC3qTdQ9
— Canadian Armed Forces (@CanadianForces) August 25, 2022
Losses over the past six months have severely degraded Russian ground forces. Russia is very likely consolidating depleted units and deploying insufficiently trained personnel to key combat roles. 3/7
— Canadian Armed Forces (@CanadianForces) August 25, 2022
Russian forces have been forced to seek incremental gains by launching smaller-scale, simpler operations. Russia’s overall offensive momentum has been stalled for weeks. 5/7
— Canadian Armed Forces (@CanadianForces) August 25, 2022
Read more on countering disinformation with facts – Russian invasion of Ukraine: https://t.co/xn6W5YdQsO
7/7— Canadian Armed Forces (@CanadianForces) August 25, 2022