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.

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Canada Government Budget Value



Calendar GMT Actual Previous Consensus TEForecast
2022-04-29 03:00 PM Feb C$5.47B C$-5.18B C$-0.4B
2022-05-27 03:00 PM Mar C$-25.75B C$5.47B C$-18B
2022-07-29 03:00 PM May


Related Last Previous Unit Reference
Government Budget -4.70 -14.90 percent of GDP Dec 2021
Government Budget Value -25750.00 5470.00 CAD Million Mar 2022
Government Revenues 39403.00 43200.00 CAD Million Mar 2022
Fiscal Expenditure 61839.00 35215.00 CAD Million Mar 2022
Government Debt 1048.75 721.36 CAD Billion Dec 2021

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
-25750.00 5470.00 5770.00 -43932.00 1985 - 2022 CAD Million Monthly
Current Prices, NSA

News Stream
Canada Government Budget Gap Narrows in March
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.
2022-05-27
Canada Government Budget Gap Shrinks in February
Canada’s government budget deficit narrowed to CAD 5.5 billion in February 2022 from CAD 14.4 billion in the corresponding month of the previous year. Revenues jumped by 48.1 percent year-on-year to CAD 43.2 billion, largely reflecting an increase in tax revenues and other revenues. Program expenses excluding net actuarial losses were down CAD 5.7 billion, or 13.9 percent, in large part reflecting decreased transfers under the COVID-19 Economic Response Plan, including the Canada Emergency Wage Subsidy and Canada Recovery Benefits. Public debt charges were up CAD 0.3 billion, or 19.8 percent, reflecting higher interest on the government's pension and other employee future benefit obligations, higher interest on marketable bonds, and higher Consumer Price Index adjustments on Real Return Bonds.
2022-04-29
Canada Government Budget Gap Narrows in January
Canada’s government budget deficit narrowed to CAD 5.2 billion in January 2022 from CAD 20 billion in the corresponding month of the previous year. Revenues increased 27.7 percent year-on-year to CAD 35.9 billion, due to improvements in all components. Program expenses excluding net actuarial losses were down 15.2 percent to CAD 38.2 billion, largely reflecting decreased transfers under the COVID-19 Economic Response Plan, including the Canada Emergency Wage Subsidy and Canada Recovery Benefits; and net actuarial losses decreased 33 percent in large part due to an increase in prevailing interest rates at the end of 2020–21 used in valuing these obligations.
2022-03-25