Canada's government posted a CAD 20 billion deficit in January of 2021, compared to a surplus of CAF 0.4 billion a year earlier, reflecting the severe deterioration in the economic situation and temporary measures implemented through the government's Economic Response Plan to support Canadians and businesses facing hardship as a result of the COVID-19 outbreak during this period. Revenues decreased by CAD 2.2 billion, or 7.4%, to CAD 28.1 billion driven by a decrease in other revenues; while program expenses excluding net actuarial losses were up CAD 17.8 billion, or 65.5%, to CAD 48.1 billion driven by increased transfers to businesses and individuals as part of the government's COVID-19 response measures. Public debt charges were down CAD 40 million, or 2.2%. For the April to January period of the 2020–21 fiscal year, the government posted a budgetary deficit of CAD 268.2 billion, compared to a deficit of CAD 10.6 billion reported for the same period of 2019–20. source: Department Of Finance Canada
Government Budget Value in Canada averaged -1623.33 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 April of 2021.
Government Budget Value in Canada is expected to be -30000.00 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 1300.00 in 12 months time. In the long-term, the Canada Government Budget Value is projected to trend around 1500.00 CAD Million in 2022, according to our econometric models.