Canada recorded a Government Budget deficit equal to 0.70 percent of the country's Gross Domestic Product in the 2018-2019 fiscal year. Government Budget in Canada averaged -1.78 percent of GDP from 1949 until 2018, reaching an all time high of 5.10 percent of GDP in 1950 and a record low of -8.10 percent of GDP in 1984.
Government Budget in Canada is expected to be -0.90 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Government Budget is projected to trend around -0.60 percent of GDP in 2020, according to our econometric models.