Canada’s government budget deficit narrowed to CAD 11,980 billion in July of 2021 from CAD 28,228 billion in the same month of the previous year. Revenues increased by 35.9 percent to CAD 29.3 billion, driven by a 24.1 percent increase in tax revenues to CAD 24.9 billion. At the same time, expenses were reduced by 19 percent to 38 billion, driven by a 29.4 percent reduction in direct program expenses to CAD 16.7 billion and a 11.1 percent decrease in major transfers to persons to CAD 14.9 billion. Canada’s budget deficit in the first quarter of fiscal 2021/2022 narrowed to CAD 48.5 billion from to CAD 148.6 billion in the same period of 2020/2021. source: Department Of Finance Canada
Government Budget Value in Canada averaged -1793.82 CAD Million from 1985 until 2021, reaching an all time high of 5770 CAD Million in February of 2005 and a record low of -43932 CAD Million in May of 2020. 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 October of 2021.
Government Budget Value in Canada is expected to be -10800.00 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Government Budget Value is projected to trend around -3000.00 CAD Million in 2022 and -1500.00 CAD Million in 2023, according to our econometric models.