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Government Budget Balance (Local Currency) in Canada

Source: World Bank, National Statistical Office, IMF estimates. The structural budget balance refers to the general government cyclically adjusted balance adjusted for nonstructural elements beyond the economic cycle
Last Updated: March 8, 2019

Government budget balance reached -24.6 in 2023 in Canada, according to the National Statistical Office. This is 4.41% more than in the previous year.

Historically, government budget balance in Canada reached an all time high of 15.3 in 2005 and an all time low of -63.5 in 2010.

Canada has been ranked 47th within the group of 84 countries we follow in terms of government budget balance.

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