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: Government spending as percent of GDP: The latest value from 2023 is 20.91 percent, an increase from 20.42 percent in 2022. In comparison, the world average is 16.14 percent, based on data from 156 countries. Historically, the average for Canada from 1961 to 2023 is 20.59 percent. The minimum value, 15.96 percent, was reached in 1965 while the maximum of 24.44 percent was recorded in 1992.

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.

Actual value and historical data chart for Canada General Government Final Consumption Expenditure Percent Of GDP

The amount of provincial/territorial government spending per capita in Canada is highly dependent on territory or region. It was forecasted that in 2024, Nunavut would have the highest government health expenditures per capita among all territories and provinces with some ****** Canadian dollars being spent on health care per capita. Ontario, on the other hand, had one of the lowest government health expenditures per capita forecasted for 2024 with just ***** Canadian dollars being spent per person, less than a third of Nunavut. Health spending in Canada Canada is one of the countries with the highest health expenditures globally. Other countries include the U.S., Germany, and France. Health care spending in Canada, much like the rest of the world, has been increasing. Recent data suggests that hospitals, drugs, and physicians account for the largest proportions of health care spending in Canada. Canadian medication costs Despite being one of the top health expenses in Canada, the expenditures on drugs as a percentage of the total health spending in Canada has actually decreased over time. There are several drug classes that have exceeded others in terms of spending. Tumor necrosis factor alpha inhibitors, antivirals for hepatitis C, and anti-neovascularization agents were the drug classes that accounted for the largest proportions of total public drug program spending in 2022. Alongside the increased spending in prescription drugs in Canada, non-prescription drug spending has also increased in Canada.

During the Great Recession of 2008-2009, the advanced economies of the G7 experienced a period of acute financial crises, downturns in the non-financial economy, and political instability. The governments of these countries in many cases stepped in to backstop their financial sectors and to try to stimulate their economies. The scale of these interventions was large by historical standards, with observers making comparisons to the measures of the New Deal which the U.S. undertook in the 1930s to end the Great Depression.

The bailouts of financial institutions and stimulus packages caused the government debt ratios of the United States, United Kingdom, and Japan in particular to rise sharply. The UK's government debt ratio almost doubled due to the bailouts of Northern Rock and Royal Bank of Scotland. On the other hand, the increases in government debt in the Eurozone were more measured, due to the comparative absence of stimulus spending in these countries. They would later be hit hard during the Eurozone crisis of the 2010s, when bank lending to the periphery of the Eurozone (Portugal, Spain, Ireland and Greece in particular) would trigger a sovereign debt crisis. The Canadian government, led by a Conservative premier, engaged in some fiscal stimulus to support its economy, but these packages were small in comparison to that in most other of the G7 countries.

A tabular presentation of the British Columbia three year fiscal plan, including revenue, expense, surplus or deficit, capital spending, provincial debt, taxpayer-supported debt-to- GDP ratio, and economic forecast; with updated forecast values for 2012-13, budget estimates for 2013-14, and planned values for 2014-15 and 2015-16

This table contains 264 series, with data for years 1997 - 2008 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (11 items: Canada; Newfoundland and Labrador; Prince Edward Island; Nova Scotia; ...); Spending category (6 items: Spending on prescription drugs greater than 0% of after tax income; Spending on prescription drugs greater than 1% of after tax income; Spending on prescription drugs greater than 2% of after tax income; Spending on prescription drugs greater than 3% of after tax income; ...); Characteristics (4 items: Households; Low 95% confidence interval, households; High 95% confidence interval, households; Coefficient of variation for households).

Canada has a system of health care that is financed through taxation and public funding. As of 2024, the total per capita expenditure in Canada for health care was estimated to be about ******* Canadian dollars. This is an increase from the previous years and a significant increase from the *****, just prior to the implementation of the 1984 Canadian Health Act. The Canadian health system Canada has one of the highest health expenditures as a percentage of GDP among developed countries. The Canadian health care system is funded and administered by the provinces and territories. There are several principles that the system is founded on: public administration of the system is non-profit, plans must be comprehensive, all residents must be able to access the public health care system, health care should be accessible to anyone anywhere in Canada, and there should be few barriers to accessing healthcare. Despite the attempts at making the system equal across Canada, there are still major differences. For example, Nunavut has some of the highest per capita provincial/territorial governmental health care spending in all of Canada. Health financing in Canada Between the public and private sectors of Canada’s health system, the public sector is responsible for a majority of the health expenditures. Provincial governments are responsible for most of the health care funding, followed by direct federal funds. Drug expenditures, however, are primarily financed through private sector resources.

Actual value and historical data chart for Canada Interest Payments Percent Of Revenue

This dataset is used to calculate the percentage of active Federal Accommodation and Infrastructure Program, Parliament Hill and Surroundings, and other government department projects > $1M that are on time, on budget, and on scope (based on latest approved authorities). Projects >$1M in the Parliament Hill and Surroundings, have a target of 90% with quarterly data collection when measured separately; however for the purposes of departmental-level reporting, the Parliament Hill and Surroundings projects are generally included in the calculations with a 95% target as they represent a very small percentage of overall projects. For internal tracking, three values are used to report on project performance for the time, budget and scope indicators. A value of 1 indicates no issues with meeting the indicated target; a value of 2 indicates that while the project may be experiencing some issues at the moment the snapshot is taken, the end target is still expected to be met; and a value of 3 indicates the end target will not be met. See the Supporting Documentation pages linked below for the details of how to calculate the associated Departmental Results Report (DRR) performance indicator.

This table presents planned Full-time Equivalents (FTEs) by Program. This table also aligns planned FTEs with the Whole-of-Government by linking each Program line with its corresponding Government of Canada Spending Area and Activity.

Notes:

• Planned FTEs is a measure of the extent to which an employee represents a full person-year charge against the departmental budget for future spending years. Full-time equivalents are calculated as a ratio of assigned hours of work to scheduled hours of work. Scheduled hours of work are set out in collective agreements.

• Internal Services supports all Government of Canada Activity and Spending Areas but cannot be disaggregated amongst them. Accordingly, for analytical purposes, it is assigned a virtual outcome and a spending area named “Internal Services”.

• The data entries with “.” are intentional to distinguish no recorded value for a cell as opposed to an actual recorded value of zero.

• This table consolidates 2017-18 Departmental Plans Planned FTE data submitted by federal institutions.

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.

The United States led the ranking of the countries with the highest military spending in 2024, with 997 billion U.S. dollars dedicated to the military. That constituted almost 40 percent of the total military spending worldwide that year, which amounted to 2.7 trillion U.S. dollars. This amounted to 3.4 percent of the U.S.'s gross domestic product (GDP), placing the country lower in the ranking of military expenditure as a percentage of GDP, compared to Ukraine, Israel, Algeria, Saudi Arabia, and Russia. China was the second largest military spender, with an estimated 314 billion U.S. dollars spent, with Russia following in third. Defense budgetAccording to the U.S. Congressional Budget Office, the outlays for defense will rise to 1.1 trillion U.S. dollars by 2033. The largest parts of the budget are dedicated to the Departments of the Navy and the Air Force. The budget for the U.S. Air Force for 2024 was nearly 260 billion U.S. dollars.Global military spendingThe value of military spending globally has grown steadily in the past years and reached 2.7 trillion U.S. dollars in 2024. Reasons for this are the outbreak of the Russia-Ukraine war in 2022, the war in Gaza, as well as increasing tensions in the South China Sea. North America is by far the leading region worldwide in terms of expenditure on the military.

In 2022, the U.S. government spent more on healthcare than any other country, at 16.6 percent of GDP. In the same year, U.S. military expenditure was 3.45 percent of GDP. This statistic shows the healthcare and military expenditure as a percentage of GDP in select countries in 2022.

This service shows the proportion of average total income of households which is spent on shelter costs by census subdivision. The data is from the Census Profile, Statistics Canada Catalogue no. 98-316-X2016001. Shelter-cost-to-income ratio is calculated for private households living in owned or rented dwellings who reported a total household income greater than zero. Private households living in band housing, located on an agricultural operation that is operated by a member of the household, and households who reported a zero or negative total household income are excluded. The relatively high shelter-costs-to-household income ratios for some households may have resulted from the difference in the reference period for shelter costs and household total income data. The reference period for shelter cost data is 2016, while household total income is reported for the year 2015. As well, for some households, the 2015 household total income may represent income for only part of a year. For additional information refer to the 2016 Census Dictionary for 'Total income' and 'Shelter cost'. To have a cartographic representation of the ecumene with this socio-economic indicator, it is recommended to add as the first layer, the “NRCan - 2016 population ecumene by census subdivision” web service, accessible in the data resources section below.

A tabular presentation of the British Columbia financial position information for the 10 years from 2006/07 through 2015/16: Table A15 - Statement of Financial Position, including financial assets and liabilities, capital and other assets, accumulated surplus or deficit, percentage of nominal GDP, growth rates, and per capita ratios, with actual values for 2006-07 through 2011-12, updated forecast values for 2012-13, planned values for 2013-14 to 2015-16, and percentage average annual change; Table A16 - Changes in Financial Position , including surplus or deficit, accumulated surplus or deficit, capital and other assets, net liabilities, investment and working capital, financial statement debt, and total provincial debt, with annual and 10-year totals