Canada’s government budget deficit narrowed to CAD 3.68 billion in October of 2021 from CAD 18.5 billion in the same month of the previous year. Revenues increased by 30.9 percent to CAD 31.5 billion largely reflecting an increase in tax revenues and other revenues. Meantime, expenses were reduced by 17.3 percent to CAD 35.2 billion, driven by a 22.0 percent decrease in direct program expenses to CAD 15.9 billion and a 42.0 percent reduction in employment insurance benefits to CAD 2.4 billion. source: Department Of Finance Canada

Government Budget Value in Canada averaged -1884.22 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 January of 2022.

Government Budget Value in Canada is expected to be -7000.00 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.

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Canada Government Budget Value


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.
Actual Previous Highest Lowest Dates Unit Frequency
-3680.00 -11410.00 5770.00 -43932.00 1985 - 2021 CAD Million Monthly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2021-11-26 04:00 PM Sep C$-11.41B C$-9.83B C$-10B
2021-12-17 04:00 PM Oct C$-3.68B C$-11.41B C$-12B
2022-01-28 04:00 PM Nov C$-3.68B C$-4.5


Related Last Previous Unit Reference
Government Budget -14.90 -1.70 percent of GDP Dec/20
Government Budget Value -3680.00 -11410.00 CAD Million Oct/21
Government Revenues 31512.00 26850.00 CAD Million Oct/21
Fiscal Expenditure 34059.00 34951.00 CAD Million Oct/21
Government Debt 1048.75 721.36 CAD Billion Dec/21


News Stream
Canada Government Budget Deficit Narrows in October
Canada’s government budget deficit narrowed to CAD 3.68 billion in October of 2021 from CAD 18.5 billion in the same month of the previous year. Revenues increased by 30.9 percent to CAD 31.5 billion largely reflecting an increase in tax revenues and other revenues. Meantime, expenses were reduced by 17.3 percent to CAD 35.2 billion, driven by a 22.0 percent decrease in direct program expenses to CAD 15.9 billion and a 42.0 percent reduction in employment insurance benefits to CAD 2.4 billion.
2021-12-17
Canada Government Budget Deficit Narrows in September
Canada’s government budget deficit narrowed to CAD 11.4 billion in September of 2021 from CAD 27.6 billion in the same month of the previous year. Revenues decreased by 15.2 percent to CAD 26.9 billion driven by a decrease in tax revenues due to base effects from a tax deferral in the previous year. Meantime, expenses were reduced by 35.4 percent to CAD 38.3 billion, driven by a 16.7 percent decrease in direct program expenses to CAD 16.4 billion and a 20.2 percent reduction in major transfers to persons to CAD 11.98 billion.
2021-11-26
Canada Government Budget Deficit Narrows in August
Canada’s government budget deficit narrowed to CAD 9.83 billion in August of 2021 from CAD 21.937 billion in the same month of the previous year. Revenues increased by 30.9 percent to CAD 30.4 billion, driven a 22.8 percent increase in tax revenues to CAD 26.5 billion. At the same time, expenses were reduced by 10.9 percent to CAD 40.3 billion, driven by a 9 percent decrease in direct program expenses to CAD 17.3 billion and an 18.5 percent reduction in major transfers to persons to CAD 13.3 billion.
2021-10-29