Canada's government budget deficit narrowed to CAD 1.36 billion in September 2018 from CAD 3.23 billion in the same period of the previous year. Revenues increased by CAD 3.0 billion, or 13.4 percent, reflecting increases in tax revenues and other revenues. Program expenses increased by CAD 0.5 billion, or 2.2 percent, largely reflecting increases in major transfers to persons and other levels of government. Public debt charges increased by CAD 0.5 billion, reflecting both higher Consumer Price Index adjustments on Real Return Bonds and a higher average effective interest rate on the stock of Government of Canada treasury bills. Government Budget Value in Canada averaged -981.61 CAD Million from 1985 until 2018, reaching an all time high of 5770 CAD Million in February of 2005 and a record low of -10629 CAD Million in March of 2018.
Government Budget Value in Canada is expected to be -312.00 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Canada to stand at 1029.00 in 12 months time. In the long-term, the Canada Government Budget Value is projected to trend around -312.00 CAD Million in 2020, according to our econometric models.