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.