Canada recorded a Government Budget deficit equal to 4.70 percent of the country's Gross Domestic Product in 2021. source: Department of Finance Canada

Government Budget in Canada averaged -2 percent of GDP from 1949 until 2021, reaching an all time high of 5.10 percent of GDP in 1950 and a record low of -14.90 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 March of 2023.

Government Budget in Canada is expected to reach -1.10 percent of GDP by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Government Budget is projected to trend around -0.90 percent of GDP in 2024 and -0.50 percent of GDP in 2025, according to our econometric models.

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Canada Government Budget

Related Last Previous Unit Reference
Government Budget -4.70 -14.90 percent of GDP Dec 2021
Government Budget Value -1983.00 -3379.00 CAD Million Dec 2022
Government Revenues 35326.00 30932.00 CAD Million Dec 2022
Fiscal Expenditure 33170.00 30552.00 CAD Million Dec 2022
Government Debt 1134.49 1048.75 CAD Billion Dec 2022

Canada Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-4.70 -14.90 5.10 -14.90 1949 - 2021 percent of GDP Yearly