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.

Canada Government Budget Value
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Calendar GMT Actual Previous Consensus TEForecast
2018-08-31 03:00 PM Budget Balance C$1.1B C$0.6B C$ -0.6B
2018-09-28 03:00 PM Budget Balance C$0.14B C$1.11B C$ -1B
2018-10-26 03:00 PM Budget Balance C$-1.88B C$-2.63B C$ -0.97B
2018-11-30 04:00 PM Budget Balance C$-1.36B C$-1.88B C$ 1.5B
2018-12-21 04:00 PM Budget Balance C$-1.36B C$ -0.99B
2019-01-25 04:00 PM Budget Balance
2019-02-27 10:00 PM Budget Balance C$ 1B

Canada Government Last Previous Highest Lowest Unit
Government Debt to GDP 89.60 92.40 100.60 45.10 percent [+]
Government Budget -0.90 0.00 5.10 -8.30 percent of GDP [+]
Government Budget Value -1356.00 -1875.00 5770.00 -10629.00 CAD Million [+]
Government Spending 417220.00 366209.00 417220.00 80057.00 CAD Million [+]
Government Revenues 25234.00 25127.00 29099.00 3384.00 CAD Million [+]
Fiscal Expenditure 24436.00 24980.00 34922.00 5565.00 CAD Million [+]
Credit Rating 98.74 [+]
Military Expenditure 19837.10 18132.30 19837.10 3598.20 USD Million [+]
Asylum Applications 5187.00 4133.00 8695.00 661.00 Persons [+]
Government Debt 671.25 651.54 671.25 14.83 CAD Billion [+]

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. This page provides - Canada Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Government Budget Value - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-1356.00 -1875.00 5770.00 -10629.00 1985 - 2018 CAD Million Monthly
Current Prices, NSA

Country Last Previous
Argentina -16585.90 Oct/18
Australia 999.00 Oct/18
Brazil -6107.00 Oct/18
Canada -1356.00 Sep/18
China 100.80 Oct/18
France -86.98 Oct/18
Germany 36.06 Jun/18
India -6485.83 Oct/18
Indonesia -347356.70 Dec/17
Italy -6.06 Oct/18
Japan -113831.00 Jun/18
Mexico 35850.40 Oct/18
Netherlands -8.90 Sep/18
Russia 3394.30 Nov/18
Saudi Arabia -238494.00 Dec/17
Singapore 1826.60 Sep/18
South Africa -37930.00 Oct/18
South Korea 28653.00 Oct/18
Spain -8384.00 Oct/18
Switzerland 1373.00 Dec/18
Turkey -8515327.00 Oct/18
United Kingdom -3357.00 Oct/18
United States -205000.00 Nov/18