Canada’s government budget deficit narrowed to CAD 25.8 billion in March of 2022 from CAD 31.4 billion in the corresponding month of the previous year. Revenues rose by 14.2 percent on the year to CAD 39.4 billion, largely due to increases in tax revenues and other revenues. At the same time, program expenses excluding net actuarial losses were 1.4 percent lower at 61.4 billion, reflecting lower transfers from the Covid-19 Economic Response Plan. source: Department Of Finance Canada
Government Budget Value in Canada averaged -1893.12 CAD Million from 1985 until 2022, 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 June of 2022.
Government Budget Value in Canada is expected to be -21353.00 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 3904.00 CAD Million in 2023 and 4171.00 CAD Million in 2024, according to our econometric models.