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. 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 May of 2020. source: Department of Finance Canada
Government Budget in Canada is expected to reach -3.80 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 -2.30 percent of GDP in 2021 and -1.80 percent of GDP in 2022, according to our econometric models.