Canada's government posted a CAD 33.58 billion budget deficit in June 2020, compared to a CAD 1.33 billion surplus in the corresponding month of the previous year. Revenues declined by CAD 7.9 billion, or 28.5 percent, largely reflecting decreases in tax revenues and other revenues. Meanwhile, program expenses increased CAD 27.9 billion, or 114.4 percent, mostly due to increased transfers to individuals, businesses, and other levels of government as part of COVID-19 response measures. Public debt charges were down CAD 0.9 billion, or 41.3 percent, largely reflecting lower Consumer Price Index adjustments on Real Return Bonds.
Government Budget Value in Canada averaged -1225.10 CAD Million from 1985 until 2020, 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 September of 2020. source: Department Of Finance Canada
Government Budget Value in Canada is expected to be -17000.00 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 1000.00 in 12 months time. In the long-term, the Canada Government Budget Value is projected to trend around 1300.00 CAD Million in 2021 and 1500.00 CAD Million in 2022, according to our econometric models.