Canada recorded a Government Budget deficit equal to 4.70 percent of the country's Gross Domestic Product in 2021. source: Department of Finance Canada
Government Budget in Canada averaged -2 percent of GDP from 1949 until 2021, reaching an all time high of 5.10 percent of GDP in 1950 and a record low of -14.90 percent of GDP in 2020. This page provides - Canada Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Government Budget - values, historical data and charts - was last updated on November of 2022.
Government Budget in Canada is expected to reach -2.10 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Government Budget is projected to trend around -0.90 percent of GDP in 2023 and -0.50 percent of GDP in 2024, according to our econometric models.