The government budget deficit in Canada reached 15.90 percent of GDP in 2020, according to preliminary estimates. source: Department of Finance Canada

Government Budget in Canada averaged -1.97 percent of GDP from 1949 until 2020, reaching an all time high of 5.10 percent of GDP in 1950 and a record low of -15.90 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 December of 2021.

Government Budget in Canada is expected to reach -8.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Government Budget is projected to trend around -4.00 percent of GDP in 2022 and -1.50 percent of GDP in 2023, according to our econometric models.

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Canada Government Budget

Related Last Previous Unit Reference
Government Budget -15.90 -1.50 percent of GDP Dec/20
Government Budget Value -11410.00 -9830.00 CAD Million Sep/21
Government Revenues 26850.00 30437.00 CAD Million Sep/21
Fiscal Expenditure 34951.00 37126.00 CAD Million Sep/21
Government Debt 721.36 685.45 CAD Billion Dec/20
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.