Canada Government Budget Value

Last Release

Feb 28, 2025

Actual

7,570

Units In

CAD Million

-5,130

Frequency

Monthly

Next Release

May 30, 2025

Time to Release

1 Months 3 Days 5 Hours

Highest	Lowest	Average	Date Range	Source
9,530 Feb 2023	-44,410 Mar 2023	-2,004.39 CAD Million	1985-2025	N/A

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.

Latest Updates

Canada’s government budget recorded a surplus of CAD 7.6 billion in February 2025, narrowing from a surplus of CAD 8.3 billion in February 2024. During the first eleven months of the 2024/25 fiscal year (April – February), the country posted a deficit of CAD 19.3 billion, up from the CAD 17.3 billion deficit reported in the same period a year earlier. Program expenses rose by 17.1%, reflecting increases across various categories. Public debt charges increased by 3.3%, primarily due to a rise in the stock of marketable bonds. Meanwhile, government revenues climbed by 10.4%, largely driven by higher personal and corporate income tax revenue.