Government Spending in Canada increased to 428371 CAD Million in the fourth quarter of 2019 from 427000 CAD Million in the third quarter of 2019. Canada Government Spending - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Government Spending in Canada averaged 262211.09 CAD Million from 1961 until 2019, reaching an all time high of 428371 CAD Million in the fourth quarter of 2019 and a record low of 91244 CAD Million in the first quarter of 1961. This page provides - Canada Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics Canada

Government Spending in Canada is expected to be 430472.00 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Canada to stand at 434399.00 in 12 months time. In the long-term, the Canada Government Spending is projected to trend around 443087.00 CAD Million in 2021 and 451506.00 CAD Million in 2022, according to our econometric models.

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Canada Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
428371.00 427000.00 428371.00 91244.00 1961 - 2019 CAD Million Quarterly
Constant Prices 2012, SA

Canada Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.