The government budget deficit in Canada reached 15.90 percent of GDP in 2020, according to preliminary estimates. source: Department of Finance Canada
Government Budget in Canada averaged -1.97 percent of GDP from 1949 until 2020, reaching an all time high of 5.10 percent of GDP in 1950 and a record low of -15.90 percent of GDP in 2020. This page provides - Canada Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Government Budget - values, historical data and charts - was last updated on June of 2021.
Government Budget in Canada is expected to reach -8.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Government Budget is projected to trend around -4.00 percent of GDP in 2022 and -1.50 percent of GDP in 2023, according to our econometric models.