Canada recorded a Government Budget deficit equal to 0.70 percent of the country's Gross Domestic Product in the 2018-2019 fiscal year. Government Budget in Canada averaged -1.78 percent of GDP from 1949 until 2018, 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. source: Department of Finance Canada

Government Budget in Canada is expected to be -0.80 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Government Budget is projected to trend around -0.40 percent of GDP in 2020, according to our econometric models.

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Canada Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-0.70 -0.90 5.10 -8.10 1949 - 2018 percent of GDP Yearly


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.

Canada Government Last Previous Highest Lowest Unit
Government Debt to GDP 89.70 90.10 100.20 44.90 percent [+]
Government Budget -0.70 -0.90 5.10 -8.10 percent of GDP [+]
Government Budget Value -3254.00 -578.00 5770.00 -14900.00 CAD Million [+]
Government Spending 427558.00 426665.00 427558.00 91244.00 CAD Million [+]
Government Revenues 25465.00 27252.00 32040.00 3384.00 CAD Million [+]
Fiscal Expenditure 26937.00 25704.00 40708.00 5565.00 CAD Million [+]
Credit Rating 98.00 [+]
Military Expenditure 21352.00 21343.00 21352.00 3730.00 USD Million [+]
Government Debt 685.45 671.25 685.45 14.83 CAD Billion [+]
Asylum Applications 5187.00 4133.00 8695.00 661.00 Persons [+]