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.