Canada recorded a CAD 1.98 billion budget deficit in December of 2022, switching from a CAD 3.58 billion surplus in the corresponding month of the previous year. The government posted a budgetary deficit of CAD 5.54 billion for the April to December period of the 2022-23 fiscal year, compared to a deficit of CAD 70.11 billion reported for the same period a year earlier partly due to a rise in debt charges linked to higher inflation and interest rates. Year-to-date revenues were up 11.4% on a broad-based improvement in income streams. Program expenses were down 12.3%, largely reflecting lower transfers to individuals and businesses as COVID-19 supports were wound down. Public debt charges increased 38.4% this fiscal year, primarily reflecting higher interest rates and higher inflation adjustments on real return bonds, which have a coupon that is linked to the level of the consumer price index. source: Department Of Finance Canada
Government Budget Value in Canada averaged -1863.42 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 March of 2023.
Government Budget Value in Canada is expected to be 237.00 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 2966.00 CAD Million in 2024 and 2833.00 CAD Million in 2025, according to our econometric models.