Canada's government budget surplus widened to CAD 0.71 billion in May 2019 from CAD 0.64 billion in the corresponding month of the previous year. For the first two months of the 2019-2020 fiscal year (April and May), there was a budgetary deficit of CAD 1.4 billion, compared to a surplus of CAD 3.2 billion in the same period of 2018-2019. Revenues rose by CAD 2.3 billion, or 4.2 percent to CAD 56.5 billion, amid increases in tax revenues and other revenues. Program expenses advanced by CAD 6.3 billion, or 13.5 percent to CAD 53.2 billion, mostly due to major transfers to other levels of government and direct program expenses. Public debt charges went up by CAD 0.6 billion, or 13.3 percent to CAD 4.7 billion, reflecting higher Consumer Price Index adjustments on Real Return Bonds and a higher average effective interest rate on the stock of Treasury Bills. Government Budget Value in Canada averaged -1000.08 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.

Canada Government Budget Value
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Calendar GMT Actual Previous Consensus TEForecast
2019-04-26 03:00 PM Budget Balance Feb C$4.3B C$-1.5B C$1.1B
2019-05-31 03:00 PM Budget Balance Mar C$-14.9B C$4.31B C$-5B
2019-07-26 03:00 PM Budget Balance Apr C$-2.1B C$-14.9B C$2.1B
2019-07-26 03:00 PM Budget Balance May C$0.71B C$-2.1B C$1B
2019-08-30 03:00 PM Budget Balance Jun C$0.71B
2019-09-27 03:00 PM Budget Balance Jul
2019-10-25 03:00 PM Budget Balance Aug

Canada Government Last Previous Highest Lowest Unit
Government Debt to GDP 90.60 89.70 100.60 45.10 percent [+]
Government Budget -0.70 -0.90 5.10 -8.10 percent of GDP [+]
Government Budget Value 707.00 -2315.00 5770.00 -14900.00 CAD Million [+]
Government Spending 422881.00 420573.00 422881.00 91244.00 CAD Million [+]
Government Revenues 27590.00 28926.00 32040.00 3384.00 CAD Million [+]
Fiscal Expenditure 24455.00 28731.00 40708.00 5565.00 CAD Million [+]
Credit Rating 98.74 [+]
Military Expenditure 21352.00 21343.00 21352.00 3730.00 USD Million [+]
Asylum Applications 5187.00 4133.00 8695.00 661.00 Persons [+]
Government Debt 671.25 651.54 671.25 14.83 CAD Billion [+]

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. This page provides - Canada Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Government Budget Value - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
707.00 -2315.00 5770.00 -14900.00 1985 - 2019 CAD Million Monthly
Current Prices, NSA

Country Last Previous
Argentina -6598.20 Jun/19
Australia 13326.00 May/19
Brazil -30102.00 Jun/19
Canada 707.00 May/19
China -210.00 Jun/19
France -77.30 Jun/19
Germany 7.47 Mar/19
India -4320.55 Jun/19
Indonesia -259900.00 Dec/18
Italy 7.80 Jun/19
Japan 72556.00 Mar/19
Mexico -152272.70 Jun/19
Netherlands 17.00 Mar/19
Russia 2027.84 Jul/19
Saudi Arabia -135704.00 Dec/18
Singapore 3012.50 Jun/19
South Africa 37586.00 Jun/19
South Korea -38492.00 Jun/19
Spain -10514.00 Jun/19
Switzerland 2176.00 Dec/19
Turkey -11454947.00 Jun/19
United Kingdom -4426.00 Jun/19
United States -119696.00 Jul/19