The budget balance in relation to the gross domestic product (GDP) in Canada was about -2.15 percent in 2024. Between 1980 and 2024, the budget balance rose by approximately 1.89 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The budget balance will steadily rise by around 1.36 percentage points over the period from 2024 to 2030, reflecting a clear upward trend.The indicator describes the general government net lending / borrowing, which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

Canada recorded a Government Budget deficit equal to 1.20 percent of the country's Gross Domestic Product in 2024. This dataset provides - Canada Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Canada recorded a government budget deficit of 5020 CAD Million in September of 2025. This dataset provides - Canada Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Canada National Government Debt

• Canada National Government Debt reached 1,517.7 USD bn in Mar 2025, compared with 1,519.8 USD bn in the previous year.
• Canada National Government Debt data is updated yearly, available from Mar 1962 to Mar 2025.
• The data reached an all-time high of 1,519.8 USD bn in Mar 2024 and a record low of 20.5 USD bn in Mar 1962.

*This indicator will be no longer available from March 2026, 4th onwards. CEIC has a plan to remove the non-standard frequency indicator after the standard frequency indicator has been added and be available on this table. CEIC converts annual Government Debt into USD. The Department of Finance Canada provides Government Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Government Debt is in annual frequency, ending in March of each year.


Related information about Canada National Government Debt

• In the latest reports, Canada Consolidated Fiscal Balance recorded a deficit equal to 1.3 % of its Nominal GDP in Sep 2025.
• The country's Government debt accounted for 69.3 % of its Nominal GDP in Mar 2025.
• Canada Nominal GDP reached 590.9 USD bn in Sep 2025.

Government Debt in Canada increased to 1223.62 CAD Billion in 2024 from 1173.01 CAD Billion in 2023. This dataset provides - Canada Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Canada Government Budgetary Surplus or Deficit: as % of GDP data was reported at -2.100 % in 2024. This records a decrease from the previous number of -1.200 % for 2023. Canada Government Budgetary Surplus or Deficit: as % of GDP data is updated yearly, averaging -1.700 % from Mar 1967 (Median) to 2024, with 58 observations. The data reached an all-time high of 1.800 % in 2001 and a record low of -14.800 % in 2021. Canada Government Budgetary Surplus or Deficit: as % of GDP data remains active status in CEIC and is reported by Department of Finance Canada. The data is categorized under Global Database’s Canada – Table CA.F002: Government Revenue and Expenditure: Annual.

Revenue, expenditure and budgetary balance of six levels of general governments.

Quarterly financial data cover the operations and balance sheet of the Canadian general government and its subsectors, as defined in the System of National Accounts (SNA). These subsectors include the federal government, provincial and territorial governments, local governments and the Canada Pension Plan and the Québec Pension Plan.

The ratio of national debt to gross domestic product (GDP) of Canada was 111.3 percent in 2024. Between 1980 and 2024, the ratio rose by 66.71 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio is forecast to decline by 3.41 percentage points from 2024 to 2030, fluctuating as it trends downward.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

Canada Federal Government: Budgetary Surplus or Deficit excl Net Actuarial Losses: as % of GDP data was reported at -1.900 % in 2024. This records a decrease from the previous number of -0.900 % for 2023. Canada Federal Government: Budgetary Surplus or Deficit excl Net Actuarial Losses: as % of GDP data is updated yearly, averaging -0.700 % from Mar 2009 (Median) to 2024, with 16 observations. The data reached an all-time high of 0.600 % in 2014 and a record low of -14.100 % in 2021. Canada Federal Government: Budgetary Surplus or Deficit excl Net Actuarial Losses: as % of GDP data remains active status in CEIC and is reported by Department of Finance Canada. The data is categorized under Global Database’s Canada – Table CA.F002: Government Revenue and Expenditure: Annual.

The Budget Balance in Canada measures the difference between the government's revenues and expenditures over a specific period.-2024-11-29

Canada recorded a Government Debt to GDP of 110.80 percent of the country's Gross Domestic Product in 2024. This dataset provides - Canada Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Revenue, expenditure and budgetary balance of 7 levels of general governments, by province and territory.

Forecast: Social Security Government Fiscal Balance in Canada 2024 - 2028 Discover more data with ReportLinker!

Key information about Canada Government Debt: % of GDP

• Canada Government debt accounted for 69.4 % of the country's Nominal GDP in Mar 2024, compared with the ratio of 66.9 % in the previous year.
• Canada government debt to GDP ratio data is updated yearly, available from Mar 1962 to Mar 2024.
• The data reached an all-time high of 83.6 % in Mar 1996 and a record low of 33.1 % in Mar 1977.

CEIC calculates Government Debt as % of Nominal GDP from annual Government Debt and quarterly Nominal GDP. The Department of Finance Canada provides Government Debt in local currency. Statistics Canada provides Nominal GDP in local currency based on CSNA 2012/SNA 2008. Government Debt as % of Nominal GDP is in annual frequency, ending in March of each year.


Related information about Canada Government Debt: % of GDP

• In the latest reports, Canada National Government Debt reached 1,519.8 USD bn in Mar 2024.
• The country's Nominal GDP reached 520.3 USD bn in Mar 2023.

Of the G7 countries, Japan had the highest net debt in terms of share of gross domestic product (GDP) between 2010 and 2024. That year, Japan's government's net debt reached an estimated *** percent of its total GDP. Italy had the second highest debt rate at *** percent of its GDP, whereas Canada had the lowest at only ** percent.

Presents some data from volume 1 of the public accounts tabled annually by the Ministry of Finance to the National Assembly. This dataset brings together financial information from the years 2015-2016 to 2024-2025 on consolidated revenues by sources, consolidated expenditures by portfolios, financial assets, non-financial assets, government liabilities, and accumulated deficit. Comparative data shows information as published in the 2024-2025 Public Accounts. When the financial statements were restated in a later fiscal year, the restated data was used.

The Budget Balance in Canada measures the difference between the government's revenues and expenditures over a specific period.-2024-08-30

Employment and Social Development Canada (ESDC) uses the models of the Canadian Occupational Projection System (COPS) and the National Occupational Classification (NOC, 2021 version) to develop projections of future trends in the numbers of job openings and job seekers by occupation at the national level. The projections allow for identifying those occupations that may face labour shortage or labour surplus conditions over the medium term. The latest projections cover the 2024 to 2033 period. For more information, explore: Canadian Occupational Projections System – ESDC

In 2024, the net government debt to gross domestic product (GDP) ratio of Japan was estimated at about *** percent. The government debt ratio of the United States was over ** percent. Saudi Arabia, who had the lowest net debt, had a debt ratio of only **** percent.