Canada's government budget deficit widened sharply to CAD 18.51 billion in October of 2020 from CAD 3.25 billion in the same month of the previous year, reflecting the economic downturn and temporary measures implemented through the government's Economic Response Plan to support Canadians and businesses facing hardship as a result of the COVID-19 outbreak. Revenues decreased by CAD 1.4 billion, or 5.5 percent to CAD 24.07 billion, reflecting decreases in tax revenues and other revenues. Program expenses excluding net actuarial losses were up CAD 13.7 billion, or 52.5 percent to CAD 39.71 billion, driven by increased transfers to businesses and individuals as part of the government's COVID-19 response measures. Public debt charges were down CAD 0.2 billion, or 11.6 percent to CAD 1.58 billion, largely reflecting lower interest on Government of Canada treasury bills and on the government's pension and other employee future benefit obligations. source: Department Of Finance Canada
Government Budget Value in Canada averaged -1513.97 CAD Million from 1985 until 2020, reaching an all time high of 5770 CAD Million in February of 2005 and a record low of -43932 CAD Million in May of 2020. 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 January of 2021.
Government Budget Value in Canada is expected to be -25500.00 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 1100.00 in 12 months time. In the long-term, the Canada Government Budget Value is projected to trend around 1300.00 CAD Million in 2021 and 1500.00 CAD Million in 2022, according to our econometric models.