Canada’s government posted a budgetary surplus of CAD 3.63 billion in June 2025, compared with a surplus of CAD 0.939 billion in June 2024. This shift largely reflected a CAD 4.0 billion (9.8%) increase in revenues, largely driven by higher corporate income tax and customs import duties, while pollution pricing proceeds fell by CAD 1.3 billion. Program expenses, excluding net actuarial losses, rose by CAD 2.0 billion (5.9%), driven by increases across most major spending categories. Public debt charges fell by CAD 0.4 billion (9.6%) as lower interest rates on treasury bills and smaller CPI adjustments on Real Return Bonds more than offset higher average effective rates on an increased stock of marketable bonds; for the April–June 2025–26 period, the federal budgetary deficit stood at CAD 3.3 billion, compared to CAD 2.9 billion in the same period of 2024–25. source: Department Of Finance Canada

Canada recorded a government budget surplus of 3630 CAD Million in June of 2025. Government Budget Value in Canada averaged -2022.65 CAD Million from 1985 until 2025, reaching an all time high of 9533.00 CAD Million in February of 2023 and a record low of -44405.00 CAD Million in March of 2023. This page provides - Canada Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Government Budget Value - data, historical chart, forecasts and calendar of releases - was last updated on September of 2025.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-07-25 03:00 PM
Budget Balance
May C$-0.23B C$-6.27B
2025-08-29 03:00 PM
Budget Balance
Jun C$3.63B C$-0.23B C$-1.0B
2025-09-26 03:00 PM
Budget Balance
Jul C$3.63B C$0.5B


Related Last Previous Unit Reference
Fiscal Expenditure 36675.00 34575.00 CAD Million Jun 2025
Government Budget -2.10 -1.20 percent of GDP Dec 2023
Budget Balance 3630.00 -230.00 CAD Million Jun 2025
Government Debt 1223.62 1173.01 CAD Billion Dec 2024
Government Revenues 44808.00 39258.00 CAD Million Jun 2025

Canada Government Budget Value
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.
Actual Previous Highest Lowest Dates Unit Frequency
3630.00 -230.00 9533.00 -44405.00 1985 - 2025 CAD Million Monthly
Current Prices, NSA

News Stream
Canada Government Budget Surplus Expands in June
Canada’s government posted a budgetary surplus of CAD 3.63 billion in June 2025, compared with a surplus of CAD 0.939 billion in June 2024. This shift largely reflected a CAD 4.0 billion (9.8%) increase in revenues, largely driven by higher corporate income tax and customs import duties, while pollution pricing proceeds fell by CAD 1.3 billion. Program expenses, excluding net actuarial losses, rose by CAD 2.0 billion (5.9%), driven by increases across most major spending categories. Public debt charges fell by CAD 0.4 billion (9.6%) as lower interest rates on treasury bills and smaller CPI adjustments on Real Return Bonds more than offset higher average effective rates on an increased stock of marketable bonds; for the April–June 2025–26 period, the federal budgetary deficit stood at CAD 3.3 billion, compared to CAD 2.9 billion in the same period of 2024–25.
2025-08-29
Canada Government Budget Swings to Deficit in May
Canada’s government posted a budget deficit of CAD 0.23 billion in May 2025, compared with a surplus of CAD 1.172 billion in May 2024. This shift largely reflected a CAD 26 million (0.0%) increase in revenues, where higher customs import duties and pollution pricing proceeds were offset by declines in corporate income tax and Goods and Services Tax collections. Program expenses, excluding net actuarial losses, rose by CAD 2.6 billion (8.3%), driven by increases across most major spending categories. Public debt charges fell by CAD 0.2 billion (5.0%) as lower interest rates on treasury bills outweighed higher Consumer Price Index adjustments on Real Return Bonds. For the first two months of fiscal year 2025–26 (April to May), the federal budget deficit stood at CAD 5.8 billion, compared to CAD 2.6 billion in the same period of 2024–25.
2025-07-25
Canada Narrows Budget Deficit in March
Canada’s government posted a budget deficit of CAD 23.9 billion in March 2025, down from CAD 33.6 billion in March 2024. The improvement was driven by a CAD 5.9 billion (15.2%) increase in revenues, primarily due to higher corporate income tax collections. Program expenses, excluding net actuarial losses, fell by CAD 3.2 billion (4.7%), largely due to the timing of transfers to provinces, territories, and municipalities, partially offset by increased transfers to individuals. Public debt charges declined by CAD 0.3 billion (6.5%) as lower interest rates on treasury bills and net interest from cross-currency swaps outweighed the impact of a larger stock of marketable bonds. For the full fiscal year 2024–25 (April to March), the federal budget deficit stood at CAD 43.2 billion, compared to CAD 50.9 billion in the previous year.
2025-05-30