if there was not an increase in spending.
...The federal government recorded a surplus of $6.8 billion in the first five months of the fiscal year.
That's up $2.2 billion from the same period (April to August) last year.
Revenues were up $7.5 billion, reflecting higher personal and corporate income tax receipts, the Finance Department reported Friday.
Overall spending rose by $5.8 billion, largely due to higher transfer payments to the provinces for health care and equalization, the department said.
[Emphasis added]
Just to add to the insanity,
...For August, the government reported a $300-million deficit, compared with a surplus of $300 million in 2004. Total revenues were actually up $400 million over August 2004, but spending was $1.1 billion higher.
Even though the government is massively over-taxing it is still not enough to account for their pre-election profligate spending!
