Government Spending in Canada decreased to 416091 CAD Million in the second quarter of 2020 from 427653 CAD Million in the first quarter of 2020.

Government Spending in Canada averaged 263556.55 CAD Million from 1961 until 2020, reaching an all time high of 428867 CAD Million in the fourth quarter of 2019 and a record low of 91244 CAD Million in the first quarter of 1961. This page provides - Canada Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Government Spending - values, historical data and charts - was last updated on October of 2020. source: Statistics Canada

Government Spending in Canada is expected to be 388822.00 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 466022.00 in 12 months time. In the long-term, the Canada Government Spending is projected to trend around 414532.00 CAD Million in 2021 and 422408.00 CAD Million in 2022, according to our econometric models.

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Canada Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
416091.00 427653.00 428867.00 91244.00 1961 - 2020 CAD Million Quarterly
Constant Prices 2012, SA

Canada Government Last Previous Highest Lowest Unit
Government Debt to GDP 89.70 90.10 100.20 44.90 percent [+]
Government Budget -1.50 -0.60 5.10 -8.10 percent of GDP [+]
Government Budget Value -28228.00 -33580.00 5770.00 -43932.00 CAD Million [+]
Government Spending 416091.00 427653.00 428867.00 91244.00 CAD Million [+]
Government Revenues 21585.00 19914.00 32159.00 3384.00 CAD Million [+]
Fiscal Expenditure 47848.00 52222.00 59422.00 5565.00 CAD Million [+]
Credit Rating 100.00 [+]
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 [+]


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.