Canada recorded a Government Budget deficit equal to 3.60 percent of the country's Gross Domestic Product in 2021. source: Department of Finance Canada
Government Budget in Canada averaged -1.98 percent of GDP from 1949 until 2021, reaching an all time high of 5.10 percent of GDP in 1950 and a record low of -14.90 percent of GDP in 2020. This page provides - Canada Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Government Budget - values, historical data and charts - was last updated on August of 2023.
Government Budget in Canada is expected to reach -1.40 percent of GDP by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Government Budget is projected to trend around -0.90 percent of GDP in 2024 and -0.50 percent of GDP in 2025, according to our econometric models.