Canada's government budget balance shifted to a CAD 1.47 billion deficit in July 2019 from a CAD 0.14 billion surplus in the same month of the previous year. Revenues increased by CAD 1.0 billion, or 3.6 percent, to CAD 27.84 billion, primarily reflecting increases in tax revenues and other revenues. Program expenses rose by CAD 2.2 billion, or 8.9 percent, to CAD 27.06 billion, mainly due to increases in major transfers to persons, major transfers to other levels of government and direct program expenses. Public debt charges advanced by CAD 0.4 billion, or 19.1 percent, to CAD 2.26 billion reflecting higher Consumer Price Index adjustments on Real Return Bonds. Government Budget Value in Canada averaged -995.16 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
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Calendar GMT Actual Previous Consensus TEForecast
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$0.96B C$0.71B C$1.2B
2019-09-27 03:00 PM Budget Balance Jul C$-1.47B C$0.96B C$0.3B
2019-10-25 03:00 PM Budget Balance Aug C$-1.47B C$-1.9B
2019-11-29 04:00 PM Budget Balance Sep
2019-12-20 04:00 PM Budget Balance Oct


Canada Government Last Previous Highest Lowest Unit
Government Debt to GDP 89.70 90.10 100.20 44.90 percent [+]
Government Budget -0.70 -0.90 5.10 -8.10 percent of GDP [+]
Government Budget Value -1470.00 958.00 5770.00 -14900.00 CAD Million [+]
Government Spending 424534.00 421949.00 424534.00 91244.00 CAD Million [+]
Government Revenues 27845.00 27859.00 32040.00 3384.00 CAD Million [+]
Fiscal Expenditure 27055.00 24733.00 40708.00 5565.00 CAD Million [+]
Credit Rating 98.74 [+]
Military Expenditure 21352.00 21343.00 21352.00 3730.00 USD Million [+]
Government Debt 671.25 651.54 671.25 14.83 CAD Billion [+]
Asylum Applications 5187.00 4133.00 8695.00 661.00 Persons [+]


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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1470.00 958.00 5770.00 -14900.00 1985 - 2019 CAD Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 13746.10 Aug/19
Australia -9001.00 Jun/19
Brazil -63644.00 Aug/19
Canada -1470.00 Jul/19
China -257.10 Aug/19
France -123.14 Aug/19
Germany 7.47 Mar/19
India -5538.40 Aug/19
Indonesia -259900.00 Dec/18
Italy -28.38 Jul/19
Japan -117024.00 Jun/19
Mexico 34970.00 Aug/19
Netherlands -18.70 Jun/19
Russia 2560.62 Aug/19
Saudi Arabia -135704.00 Dec/18
Singapore 4068.40 Aug/19
South Africa -42808.00 Aug/19
South Korea -22340.00 Aug/19
Spain -14937.00 Aug/19
Switzerland 2176.00 Dec/19
Turkey 837007.00 Aug/19
United Kingdom -1819.00 Aug/19
United States -200344.00 Aug/19


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