Government Spending in Canada increased to 427558 CAD Million in the third quarter of 2019 from 426665 CAD Million in the second quarter of 2019. Government Spending in Canada averaged 261513.61 CAD Million from 1961 until 2019, reaching an all time high of 427558 CAD Million in the third quarter of 2019 and a record low of 91244 CAD Million in the first quarter of 1961. source: Statistics Canada

Government Spending in Canada is expected to be 430472.00 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Canada to stand at 433971.00 in 12 months time. In the long-term, the Canada Government Spending is projected to trend around 450619.00 CAD Million in 2020, according to our econometric models.

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Canada Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
427558.00 426665.00 427558.00 91244.00 1961 - 2019 CAD Million Quarterly
Constant Prices 2012, SA

Canada Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.

Canada Government Last Previous Highest Lowest Unit
Government Debt to GDP 89.70 90.10 100.20 44.90 percent [+]
Government Budget -0.70 -0.90 5.10 -8.10 percent of GDP [+]
Government Budget Value -3254.00 -578.00 5770.00 -14900.00 CAD Million [+]
Government Spending 427558.00 426665.00 427558.00 91244.00 CAD Million [+]
Government Revenues 25465.00 27252.00 32040.00 3384.00 CAD Million [+]
Fiscal Expenditure 26937.00 25704.00 40708.00 5565.00 CAD Million [+]
Credit Rating 98.00 [+]
Military Expenditure 21352.00 21343.00 21352.00 3730.00 USD Million [+]
Government Debt 685.45 671.25 685.45 14.83 CAD Billion [+]
Asylum Applications 5187.00 4133.00 8695.00 661.00 Persons [+]