Canada's government budget deficit narrowed slightly to CAD 14.79 billion in March of 2020 from CAD 14.90 billion in the corresponding month of the previous year. Revenues decreased by CAD 2.0 billion, or 7.2 percent, reflecting decreases in tax revenues and other revenues. Program expenses decreased by CAD 2.7 billion, or 6.6 percent, primarily reflecting lower direct program expenses. Public debt charges increased by CAD 0.6 billion, or 28.9 percent, largely reflecting expenses from multiple bond buyback operations held in March 2020, which did not occur in March 2019, as well as higher Consumer Price Index adjustments on Real Return Bonds.

Government Budget Value in Canada averaged -992.64 CAD Million from 1985 until 2020, reaching an all time high of 5770 CAD Million in February of 2005 and a record low of -14900 CAD Million in March of 2019. This page provides - Canada Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Government Budget Value - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Department Of Finance Canada

Government Budget Value in Canada is expected to be -5000.00 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Canada to stand at 1000.00 in 12 months time. In the long-term, the Canada Government Budget Value is projected to trend around 1036.17 CAD Million in 2021 and 1500.00 CAD Million in 2022, according to our econometric models.

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Canada Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-14794.00 3577.00 5770.00 -14900.00 1985 - 2020 CAD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-28 04:00 PM Dec C$0.78B C$-2.7B C$1B
2020-03-27 03:00 PM Jan C$0.42B C$0.78B C$-1.2B
2020-04-24 03:00 PM Feb C$3.58B C$0.42B C$0.3B
2020-05-29 03:00 PM Mar C$-14.79B C$3.58B C$-10B
2020-07-27 03:00 PM May
2020-07-27 03:00 PM Apr C$-14.79B C$-16B
2020-08-31 03:00 PM Jun C$-14B
2020-09-28 03:00 PM Jul


News Stream
Canada Budget Deficit Narrows in March
Canada's government budget deficit narrowed slightly to CAD 14.79 billion in March of 2020 from CAD 14.90 billion in the corresponding month of the previous year. Revenues decreased by CAD 2.0 billion, or 7.2 percent, reflecting decreases in tax revenues and other revenues. Program expenses decreased by CAD 2.7 billion, or 6.6 percent, primarily reflecting lower direct program expenses. Public debt charges increased by CAD 0.6 billion, or 28.9 percent, largely reflecting expenses from multiple bond buyback operations held in March 2020, which did not occur in March 2019, as well as higher Consumer Price Index adjustments on Real Return Bonds.
2020-05-29
Canada Budget Surplus Narrows in February
Canada's government budget surplus narrowed to CAD 3.58 billion in February 2020 from CAD 4.31 billion in the corresponding month of the previous year. Revenues went up by CAD 0.1 billion, or 0.4 percent, to CAD 32.16 billion, while program expenses rose by CAD 0.9 billion, or 3.3 percent, to CAD 26.76 billion primarily reflecting increases in major transfers to persons and direct program expenses. Public debt charges dropped by CAD 7 million, or 0.4 percent, to CAD 1.82 billion.
2020-04-24
Canada Government Budget Swings to Surplus in January
Canada's government budget balance shifted to a CAD 0.4 billion surplus in January 2020 from a CAD 1.5 billion deficit in the same month of the previous year. Revenues rose by CAD 1.2 billion, or 4.2 percent, to CAD 30.33 billion, largely reflecting an increase in tax revenues. Meantime, program expenses fell by CAD 0.8 billion, or 2.9 percent, to CAD 28.12 billion, mostly due to declines in major transfers to persons and direct program expenses. Public debt charges went up by CAD 0.1 billion, or 6.4 percent, to CAD 1.79 billion partially due to higher monthly Consumer Price Index adjustments on Real Return Bonds.
2020-03-27
Canada Budget Surplus Narrows in December
Canada's government budget surplus narrowed to CAD 0.8 billion in December 2019 from CAD 2.5 billion in the corresponding month of the previous year. Revenues increased by CAD 1 billion, or 3.4 percent, to CAD 30.29 billion, largely reflecting a rise in income tax and other revenues. Meantime, program expenses went up by CAD 2.7 billion, or 10.8 percent, to CAD 27.51 billion, mainly due to increases in major transfers to persons and direct program expenses. Public debt charges dropped by CAD 0.4 billion, or 2 percent, to CAD 2.01 billion. For the April to December period of the 2019–20 fiscal year, the government posted a budget deficit of CAD 11.0 billion, compared to a surplus of CAD 0.3 billion reported for the same period of 2018–19.
2020-02-28

Canada Government Budget Value
The government budget balance is the difference between government revenues and expenses, excluding public debt charges. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.