Canada's government budget deficit widened to CAD 1.11 billion in October 2018 from CAD 0.39 billion in the same period of the previous year. Revenues increased by CAD 1.4 billion, or 5.5 percent, reflecting increases in tax revenues, Employment Insurance (EI) premium revenues and other revenues. Program expenses increased by CAD 2.1 billion, or 8.7 percent, largely due to increases in major transfers to other levels of government and direct program expenses. Public debt charges increased by CAD 32 million, or 1.7 percent. Government Budget Value in Canada averaged -982.04 CAD Million from 1985 until 2018, reaching an all time high of 5770 CAD Million in February of 2005 and a record low of -10629 CAD Million in March of 2018.

Government Budget Value in Canada is expected to be -312.00 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Canada to stand at 1029.00 in 12 months time. In the long-term, the Canada Government Budget Value is projected to trend around -312.00 CAD Million in 2020, according to our econometric models.

Canada Government Budget Value
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-28 03:00 PM Budget Balance C$0.14B C$1.11B C$ -1B
2018-10-26 03:00 PM Budget Balance C$-1.88B C$-2.63B C$ -0.97B
2018-11-30 04:00 PM Budget Balance C$-1.36B C$-1.88B C$ 1.5B
2018-12-21 04:00 PM Budget Balance C$-1.1B C$-1.36B C$ -0.99B
2019-01-25 04:00 PM Budget Balance C$-1.1B
2019-02-22 10:00 PM Budget Balance C$ -0.31B
2019-03-29 03:00 PM Budget Balance

Canada Government Last Previous Highest Lowest Unit
Government Debt to GDP 89.60 92.40 100.60 45.10 percent [+]
Government Budget -0.90 0.00 5.10 -8.30 percent of GDP [+]
Government Budget Value -1113.00 -1356.00 5770.00 -10629.00 CAD Million [+]
Government Spending 417220.00 366209.00 417220.00 80057.00 CAD Million [+]
Government Revenues 26867.00 25234.00 29099.00 3384.00 CAD Million [+]
Fiscal Expenditure 26108.00 24436.00 34922.00 5565.00 CAD Million [+]
Credit Rating 98.74 [+]
Military Expenditure 19837.10 18132.30 19837.10 3598.20 USD Million [+]
Asylum Applications 5187.00 4133.00 8695.00 661.00 Persons [+]
Government Debt 671.25 651.54 671.25 14.83 CAD Billion [+]

Canada Government Budget Value

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. This page provides - Canada Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Government Budget Value - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1113.00 -1356.00 5770.00 -10629.00 1985 - 2018 CAD Million Monthly
Current Prices, NSA

Country Last Previous
Argentina -33770.20 Nov/18
Australia 6068.00 Nov/18
Brazil -50631.00 Nov/18
Canada -1113.00 Oct/18
China -286.50 Nov/18
France -95.64 Nov/18
Germany 36.06 Jun/18
India -7166.25 Dec/18
Indonesia -259900.00 Dec/18
Italy -6.06 Oct/18
Japan -60963.00 Sep/18
Mexico -40905.70 Nov/18
Netherlands -8.90 Sep/18
Russia 3394.30 Nov/18
Saudi Arabia -238494.00 Dec/17
Singapore -60.60 Oct/18
South Africa -13966.00 Nov/18
South Korea 37409.00 Nov/18
Spain -12378.00 Nov/18
Switzerland 2176.00 Dec/19
Turkey 5198837.00 Nov/18
United Kingdom -3181.00 Nov/18
United States -205000.00 Nov/18