Canada Government Budget Value

Canada’s government recorded a federal budget deficit of CAD 5.07 billion in January 2026 compared with a deficit of CAD 5.13 billion in January 2025 as government expenditures outstripping revenues continued to widen the fiscal gap. This result reflected a 1.6% year-to-date increase in revenues driven by higher income from custom import duties and corporate and personal income tax revenues. Program expenses rose 2.6% on increases across all major categories of spending while public debt charges marginally shrank by 0.3% as lower interest rates on treasury bills and other instruments outweighed higher average effective interest rates on an increased stock of marketable bonds. For the April to January 2025-26 window the federal deficit reached CAD 31.21 billion up from CAD 26.85 billion in the same period a year earlier. source: Department Of Finance Canada

Canada recorded a government budget deficit of 5070 CAD Million in January of 2026. Government Budget Value in Canada averaged -2051.42 CAD Million from 1985 until 2026, reaching an all time high of 9533.00 CAD Million in February of 2023 and a record low of -44405.00 CAD Million in March of 2023. 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 April of 2026.

Related	Last	Previous	Unit	Reference
Fiscal Expenditure	41565.00	40906.00	CAD Million	Jan 2026
Government Budget	-1.20	-2.10	percent of GDP	Dec 2024
Budget Balance	-5070.00	250.00	CAD Million	Jan 2026
Government Debt	1223.62	1173.01	CAD Billion	Dec 2024
Government Revenues	41470.00	46116.00	CAD Million	Jan 2026

The government budget balance is the difference between government revenues and expenses, excluding public debt charges. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	-5070.00	250.00	9533.00	-44405.00	1985 - 2026	CAD Million	Monthly	Current Prices, NSA

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News Stream

Canada Government Budget Deficit Marginally Shrinks in January

Canada’s government recorded a federal budget deficit of CAD 5.07 billion in January 2026 compared with a deficit of CAD 5.13 billion in January 2025 as government expenditures outstripping revenues continued to widen the fiscal gap. This result reflected a 1.6% year-to-date increase in revenues driven by higher income from custom import duties and corporate and personal income tax revenues. Program expenses rose 2.6% on increases across all major categories of spending while public debt charges marginally shrank by 0.3% as lower interest rates on treasury bills and other instruments outweighed higher average effective interest rates on an increased stock of marketable bonds. For the April to January 2025-26 window the federal deficit reached CAD 31.21 billion up from CAD 26.85 billion in the same period a year earlier.

2026-03-27

Canada Government Budget Surplus Shrinks in December

Canada’s government posted a budget surplus of CAD 0.2 billion in December 2025, compared with a surplus of CAD 1.0 billion in December 2024. This shift reflected a CAD 1.8 billion increase in revenues, driven by higher corporate and personal income tax revenues, while lower pollution pricing provided partial offsets. Program expenses, excluding net actuarial losses, rose by CAD 2.6 billion, reflecting higher direct program expenses, major transfers to provinces, and pollution pricing proceeds returned. Public debt charges fell CAD 0.2 billion as lower interest rates on treasury bills and lower CPI adjustments on Real Return Bonds outweighed higher effective interest rates on an increased stock of marketable bonds. For the April to December 2025–26 window, the federal deficit reached CAD 26.1 billion, up from CAD 21.7 billion in the same period a year earlier.

2026-02-27

Canada Government Budget Deficit Shrinks Marginally in November

Canada’s government posted a budget deficit of CAD 8.0 billion in November 2025, compared with a deficit of CAD 8.2 billion in November 2024. This shift reflected a CAD 0.4 billion decrease in revenues, driven by lower pollution pricing and GST, while income tax provided partial offsets. Program expenses, excluding net actuarial losses, fell by CAD 1.1 billion, reflecting lower pollution pricing proceeds returned and lower direct program expenses, partly offset by higher major transfers to persons and provinces. Public debt charges rose CAD 0.4 billion as higher CPI adjustments on Real Return Bonds and higher average interest rates on marketable bonds outweighed lower rates on treasury bills. For the April to November 2025–26 window, the federal deficit reached CAD 26.4 billion, up from CAD 22.7 billion in the same period a year earlier.

2026-02-20