Canada's government budget deficit widened to CAD 2.70 billion in November 2019 from CAD 2.22 billion in the same month of the previous year. Revenues rose by CAD 0.8 billion, or 3.1 percent, to CAD 26.16 billion, largely reflecting an increase in income tax revenues. Meantime, program expenses advanced by CAD 1.3 billion, or 5.2 percent, to CAD 27.22 billion, reflecting increases in major transfers to persons and to other levels of government. Public debt charges fell by CAD 0.1 billion, or 3.4 percent, to CAD 1.78 billion, in partially due to lower monthly consumer price index adjustments on real return bonds.

Government Budget Value in Canada averaged -1010.11 CAD Million from 1985 until 2019, 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. source: Department Of Finance Canada

Government Budget Value in Canada is expected to be 1034.73 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 1036.18 in 12 months time. In the long-term, the Canada Government Budget Value is projected to trend around 1036.17 CAD Million in 2021, according to our econometric models.


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Canada Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-2700.00 -3254.00 5770.00 -14900.00 1985 - 2019 CAD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-10-25 03:00 PM Aug C$-3.67B C$-1.47B C$-1.9B
2019-11-29 04:00 PM Sep C$-0.58B C$-3.67B C$-3.1B
2019-12-16 04:00 PM Oct C$-3.25B C$-0.58B C$-0.2B
2020-01-31 04:00 PM Nov C$-2.7B C$-3.25B C$-3.6B
2020-02-28 04:00 PM Dec C$-2.7B C$1B
2020-03-27 03:00 PM Jan
2020-04-27 03:00 PM Feb
2020-06-01 03:00 PM Mar C$ 1B


News Stream
Canada Budget Deficit Widens in November
Canada's government budget deficit widened to CAD 2.70 billion in November 2019 from CAD 2.22 billion in the same month of the previous year. Revenues rose by CAD 0.8 billion, or 3.1 percent, to CAD 26.16 billion, largely reflecting an increase in income tax revenues. Meantime, program expenses advanced by CAD 1.3 billion, or 5.2 percent, to CAD 27.22 billion, reflecting increases in major transfers to persons and to other levels of government. Public debt charges fell by CAD 0.1 billion, or 3.4 percent, to CAD 1.78 billion, in partially due to lower monthly consumer price index adjustments on real return bonds.
2020-01-31
Canada Budget Deficit Widens Sharply in October
Canada's government budget deficit rose to CAD 3.25 billion in October 2019 from CAD 1.11 billion in the corresponding month of the previous year. Revenues decreased by CAD 1.2 billion, or 4.6 per cent, to CAD 25.47 billion, reflecting declines in tax revenues and other revenues. Meantime, program expenses rose by CAD 1.0 billion, or 3.9 per cent, to CAD 26.94 billion, largely reflecting increases in major transfers to other levels of government and direct program expenses. Public debt charges fell by CAD 0.1 billion, or 4.8 per cent, to CAD 1.78 billion, in part due to lower monthly consumer price index adjustments on real return bonds.
2019-12-16
Canada Posts Smallest Budget Gap in Nearly 2 Years
Canada's government budget deficit narrowed to CAD 0.58 billion in September 2019 from CAD 1.36 billion in the corresponding month of the previous year. It was the smallest budget gap since October 2017, as revenues went up by CAD 2.2 billion, or 9 percent, to CAD 27.25 billion, largely reflecting increases in tax revenues and other revenues. Meantime, program expenses advanced by CAD 1.5 billion, or 6.2 percent, to CAD 25.70 billion, amid higher direct program expenses. Public debt charges fell by CAD 0.28 billion, or 1.3 percent, to CAD 2.13 billion.
2019-11-29
Canada Posts Largest Budget Gap in 5 Months
Canada's government budget deficit widened to CAD 3.67 billion in August 2019 from CAD 1.88 billion in the corresponding month of the previous year. This is the largest government gap since March, as program expenses rose by CAD 1.8 billion, or 7.4 percent, to CAD 26.58 billion, amid higher transfers to persons and direct program expenses. In contrast, revenues fell by CAD 0.30 billion, or 1.2 percent, to CAD 24.60 billion, primarily due to a decline in excise taxes and duties. Public debt charges decreased by CAD 0.3 billion, or 17.0 per cent, to CAD 1.68 billion reflecting lower Consumer Price Index adjustments on Real Return Bonds.
2019-10-25

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.