Government Spending in Canada increased to 440315 CAD Million in the first quarter of 2021 from 433693 CAD Million in the fourth quarter of 2020. source: Statistics Canada

Government Spending in Canada averaged 265562.99 CAD Million from 1961 until 2021, reaching an all time high of 440315 CAD Million in the first quarter of 2021 and a record low of 91244 CAD Million in the first quarter of 1961. This page provides - Canada Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Government Spending - values, historical data and charts - was last updated on July of 2021.

Government Spending in Canada is expected to be 462037.00 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Canada to stand at 440586.00 in 12 months time. In the long-term, the Canada Government Spending is projected to trend around 464828.00 CAD Million in 2022 and 478773.00 CAD Million in 2023, according to our econometric models.

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Canada Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
440315.00 433693.00 440315.00 91244.00 1961 - 2021 CAD Million Quarterly
Constant Prices 2012, SA

Canada Government Last Previous Highest Lowest Unit
Government Debt to GDP 117.80 86.80 117.80 44.90 percent of GDP [+]
Government Budget -15.90 -1.50 5.10 -15.90 percent of GDP [+]
Government Budget Value -31440.00 -14370.00 5770.00 -43932.00 CAD Million [+]
Government Spending 440315.00 433693.00 440315.00 91244.00 CAD Million [+]
Government Revenues 34517.00 29177.00 34517.00 3384.00 CAD Million [+]
Fiscal Expenditure 64021.00 42170.00 64021.00 5565.00 CAD Million [+]
Credit Rating 100.00 [+]
Military Expenditure 22854.00 22204.00 22854.00 3809.00 USD Million [+]
Government Debt 721.36 685.45 721.36 14.83 CAD Billion [+]
Asylum Applications 1160.00 1115.00 8800.00 661.00 Persons [+]

Canada Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.