Canada recorded a government budget deficit of CAD 2.2 billion in September 2022, compared to a deficit of CAD 11.4 billion in the corresponding month of the previous year. Revenues increased by CAD 4.5 billion, or 16.9 percent, reflecting a broad-based improvement across revenue streams. At the same time, program expenses excluding net actuarial losses were down CAD 4.8 billion, or 13.7 percent, largely reflecting lower transfers to individuals and businesses due to expiring temporary COVID-19 measures. he budgetary deficit before net actuarial losses was $1.3 billion, compared to a deficit of $10.1 billion in the same period of 2021-22. The government's 2022-23 financial results continue to improve compared to 2021-22 as the fiscal impact of the COVID-19 crisis and the unprecedented level of temporary COVID-19 response measures wane. source: Department Of Finance Canada

Government Budget Value in Canada averaged -1864.06 CAD Million from 1985 until 2022, reaching an all time high of 5770.00 CAD Million in February of 2005 and a record low of -43932.00 CAD Million in May of 2020. This page provides - Canada Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Government Budget Value - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.

Government Budget Value in Canada is expected to be 3867.00 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Government Budget Value is projected to trend around 3756.00 CAD Million in 2023 and 2966.00 CAD Million in 2024, according to our econometric models.

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Canada Government Budget Value



Calendar GMT Actual Previous Consensus TEForecast
2022-10-28 03:00 PM Aug C$-2.45B C$-3.87B C$7.9B
2022-11-25 04:00 PM Sep C$-2.16B C$-2.45B C$-1.9B
2022-12-23 04:00 PM Oct C$-2.16B C$-6.1B


Related Last Previous Unit Reference
Government Budget -4.70 -14.90 percent of GDP Dec 2021
Government Budget Value -2160.00 -2450.00 CAD Million Sep 2022
Government Revenues 31375.00 34081.00 CAD Million Sep 2022
Fiscal Expenditure 30169.00 32330.00 CAD Million Sep 2022
Government Debt 1134.49 1048.75 CAD Billion Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-2160.00 -2450.00 5770.00 -43932.00 1985 - 2022 CAD Million Monthly
Current Prices, NSA

News Stream
Canada Government Budget Gap Shrinks in September
Canada recorded a government budget deficit of CAD 2.2 billion in September 2022, compared to a deficit of CAD 11.4 billion in the corresponding month of the previous year. Revenues increased by CAD 4.5 billion, or 16.9 percent, reflecting a broad-based improvement across revenue streams. At the same time, program expenses excluding net actuarial losses were down CAD 4.8 billion, or 13.7 percent, largely reflecting lower transfers to individuals and businesses due to expiring temporary COVID-19 measures. he budgetary deficit before net actuarial losses was $1.3 billion, compared to a deficit of $10.1 billion in the same period of 2021-22. The government's 2022-23 financial results continue to improve compared to 2021-22 as the fiscal impact of the COVID-19 crisis and the unprecedented level of temporary COVID-19 response measures wane.
2022-11-25
Canada Government Budget Deficit Narrows in August
Canada recorded a government budget deficit of CAD 2.5 billion in August 2022, compared to a deficit of CAD 9.8 billion in the corresponding month of the previous year. Revenues increased by CAD 3.6 billion, or 12.0 per cent, reflecting improvement particularly in income tax revenues and other revenues. At the same time, program expenses excluding net actuarial losses were down CAD 4.8 billion, or 12.9 per cent, largely reflecting lower transfers to individuals and businesses due to expiring temporary COVID measures. The budgetary deficit before net actuarial losses was CAD 1.8 billion, compared to a deficit of CAD 8.5 billion in the same period of 2021-22. The government’s 2022-23 financial results continue to improve compared to 2021-22 as the fiscal impact of the COVID-19 crisis and the unprecedented level of temporary COVID-19 response measures wane.
2022-10-28
Canada Government Budget Gap Shrinks in July
Canada recorded a government budget deficit of CAD 3.9 billion in July of 2022, compared to a deficit of CAD 10.9 billion in the corresponding month of the previous year. Revenues increased by CAD 5.9 billion, or 20%, reflecting broad-based improvement across revenue streams. At the same time, program expenses excluding net actuarial losses were down CAD 1.8 billion, or 4.8%, largely reflecting lower transfers to individuals and businesses, offset in part by higher transfers to other levels of government.
2022-09-23