Canada's government posted a CAD 14.4 billion budget deficit in February of 2021, compared to a CAD 3.6 billion surplus in the corresponding month of the previous year. Revenues decreased by CAD 3.0 billion, or 9.3 percent, driven by decreases in other revenues and tax revenues. Meanwhile, program expenses increased CAD 15 billion, or 58.1 percent, mostly due to increased transfers to businesses and individuals, businesses, and other levels of government as part of COVID-19 response measures. Public debt charges were down CAD 0.4 billion, or 24.2 percent, largely reflecting lower Consumer Price Index adjustments on Real Return Bonds, lower interest on Government of Canada treasury bills, and lower interest on pension and benefit obligations. Canada's budget deficit in the first eleven months of fiscal 2020/21 swelled to CAD 283 billion from a deficit of CAD 7.0 billion in the year-ago period. source: Department Of Finance Canada
Government Budget Value in Canada averaged -1652.90 CAD Million from 1985 until 2021, reaching an all time high of 5770 CAD Million in February of 2005 and a record low of -43932 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 May of 2021.
Government Budget Value in Canada is expected to be 1000.00 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Canada to stand at -15000.00 in 12 months time. In the long-term, the Canada Government Budget Value is projected to trend around 1500.00 CAD Million in 2022, according to our econometric models.