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.