Canada recorded a government budget surplus of CAD 3.9 billion in July of 2022, compared to a deficit of CAD 10.9 billion in the corresponding month of the previous year. Revenues increased by CAD 5.9 billion, or 20.%, reflecting broad-based improvement across revenue streams. At the same time, program expenses excluding net actuarial losses were down CAD 1.8 billion, or 4.8%, largely reflecting lower transfers to individuals and businesses, offset in part by higher transfers to other levels of government. source: Department Of Finance Canada

Government Budget Value in Canada averaged -1862.09 CAD Million from 1985 until 2022, reaching an all time high of 5770 CAD Million in February of 2005 and a record low of -43932 CAD Million in May of 2020. This page provides - Canada Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Government Budget Value - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.

Government Budget Value in Canada is expected to be 7155.00 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Government Budget Value is projected to trend around 15568.00 CAD Million in 2023 and 15850.00 CAD Million in 2024, according to our econometric models.

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Canada Government Budget Value



Calendar GMT Actual Previous Consensus TEForecast
2022-08-26 03:00 PM Jun C$4.88B C$2.66B C$3B
2022-09-23 03:00 PM Jul C$-3.87B C$4.88B C$6.3B
2022-10-28 03:00 PM Aug C$-3.87B C$7.9B


Related Last Previous Unit Reference
Government Budget -4.70 -14.90 percent of GDP Dec 2021
Government Budget Value -3870.00 4880.00 CAD Million Jul 2022
Government Revenues 35238.00 36217.00 CAD Million Jul 2022
Fiscal Expenditure 35124.00 28038.00 CAD Million Jul 2022
Government Debt 1048.75 721.36 CAD Billion Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
-3870.00 4880.00 5770.00 -43932.00 1985 - 2022 CAD Million Monthly
Current Prices, NSA

News Stream
Canada Government Budget Gap Shrinks in July
Canada recorded a government budget surplus of CAD 3.9 billion in July of 2022, compared to a deficit of CAD 10.9 billion in the corresponding month of the previous year. Revenues increased by CAD 5.9 billion, or 20.%, reflecting broad-based improvement across revenue streams. At the same time, program expenses excluding net actuarial losses were down CAD 1.8 billion, or 4.8%, largely reflecting lower transfers to individuals and businesses, offset in part by higher transfers to other levels of government.
2022-09-23
Canada Government Budget Surplus at 4-Month High
Canada recorded a government budget surplus of CAD 4.88 billion in June of 2022, swinging from a deficit of CAD 12.71 billion in the corresponding month of the previous year. Revenues rose by CAD 22.2 percent on the year to CAD 36.22 billion, reflecting broad-based improvements across multiple revenue streams. At the same time, program expenses excluding net actuarial losses were 28.4 percent lower at CAD 28.04 billion, due to lower transfers for individuals and business.
2022-08-26
Canada Government Budget Swings to Surplus in May
Canada’s government budget switched to surplus of CAD 2.66 billion in May of 2022 from a deficit of CAD 13.98 billion in the corresponding month of the previous year. Revenues rose by 21.20 percent on the year to CAD 35.95 billion, reflecting broad-based improvement across revenue streams. At the same time, program expenses excluding net actuarial losses were 27.2 percent lower at 29.39 billion, largely reflecting lower transfers to individuals, businesses, and other levels of government.
2022-07-29