Canada recorded a Government Budget deficit equal to 1.50 percent of the country's Gross Domestic Product in 2019. source: Department of Finance Canada

Government Budget in Canada averaged -1.78 percent of GDP from 1949 until 2019, reaching an all time high of 5.10 percent of GDP in 1950 and a record low of -8.10 percent of GDP in 1984. This page provides - Canada Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Government Budget - values, historical data and charts - was last updated on February of 2021.

Government Budget in Canada is expected to reach -16.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Government Budget is projected to trend around -13.50 percent of GDP in 2021 and -10.50 percent of GDP in 2022, according to our econometric models.

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Canada Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-1.50 -0.60 5.10 -8.10 1949 - 2019 percent of GDP Yearly

Canada Government Last Previous Highest Lowest Unit
Government Debt to GDP 88.60 89.70 100.20 44.90 percent [+]
Government Budget -1.50 -0.60 5.10 -8.10 percent of GDP [+]
Government Budget Value -15400.00 -18506.00 5770.00 -43932.00 CAD Million [+]
Government Spending 425273.00 412017.00 427348.00 91244.00 CAD Million [+]
Government Revenues 25214.00 24067.00 32159.00 3384.00 CAD Million [+]
Fiscal Expenditure 39055.00 40997.00 59422.00 5565.00 CAD Million [+]
Credit Rating 100.00 [+]
Military Expenditure 21352.00 21343.00 21352.00 3730.00 USD Million [+]
Government Debt 721.36 685.45 721.36 14.83 CAD Billion [+]
Asylum Applications 5187.00 4133.00 8695.00 661.00 Persons [+]

Canada Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.