The government budget deficit in Canada reached 15.90 percent of GDP in 2020, according to preliminary estimates. source: Department of Finance Canada

Government Budget in Canada averaged -1.97 percent of GDP from 1949 until 2020, reaching an all time high of 5.10 percent of GDP in 1950 and a record low of -15.90 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 August of 2021.

Government Budget in Canada is expected to reach -8.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Government Budget is projected to trend around -4.00 percent of GDP in 2022 and -1.50 percent of GDP in 2023, according to our econometric models.

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Canada Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-15.90 -1.50 5.10 -15.90 1949 - 2020 percent of GDP Yearly

Canada Government Last Previous Highest Lowest Unit
Government Debt to GDP 117.80 86.80 117.80 44.90 percent of GDP [+]
Government Budget -15.90 -1.50 5.10 -15.90 percent of GDP [+]
Government Budget Value -13980.00 -9780.00 5770.00 -43932.00 CAD Million [+]
Government Spending 440315.00 433693.00 440315.00 91244.00 CAD Million [+]
Government Revenues 34517.00 29177.00 34517.00 3384.00 CAD Million [+]
Fiscal Expenditure 64021.00 42170.00 64021.00 5565.00 CAD Million [+]
Credit Rating 100.00 [+]
Military Expenditure 22854.00 22204.00 22854.00 3809.00 USD Million [+]
Government Debt 721.36 685.45 721.36 14.83 CAD Billion [+]
Asylum Applications 1160.00 1115.00 8800.00 661.00 Persons [+]

Canada Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.