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Rank Name Level of government Total expenditure Per-capita expenditure Fiscal year Source 1 Canada: Federal 338,500,000,000 2018-19 [1]2 Ontario: Provincial
This article lists countries alphabetically, with total government expenditure as percentage of Gross domestic product (GDP) for the listed countries. Also stated is the government revenue and net lending/borrowing of the government as percentage of GDP. All Data is based on the World Economic Outlook Databook of the International Monetary Fund.
Following the budget, Parliament (the Canadian Parliament) will pass an Appropriation Act (called the 'Interim Supply') which will allow individual departments to spend 3/12th of their annual budget. (The Government of Canada Fiscal Year runs from April 1 to March 31.)
The budget introduced a "grocery rebate" of up to $467 for eligible families and up to $234 for eligible single people with no kids. The Canada Student Grants also saw a 40% increase in funding. [11] Freeland issued $15B of spending cuts, achieved by defunding public services and cancelling previously announced programs. [12]
By 2024, inflation-adjusted spending per person, excluding debt interest costs, reached $11,856, exceeding the 2007-09 financial crisis spending by 10.2% and World War II peak spending by 28.7%. [11] In addition, the federal government posted ten consecutive deficits since it took office, with projections showing a $39.8 billion deficit for ...
The COVID-19 pandemic had forced the Justin Trudeau government to introduce a large number of federal aid programs to deal with the economic impact of the crisis. As a result, Canada's debt-to-GDP ratio increased in 2020 and 2021. [4] In March 2022, the New Democratic Party agreed to a confidence and supply deal with Justin Trudeau's Liberal ...
A table listing total GDP (expenditure-based), share of Canadian GDP, population, and per capita GDP in 2023. For illustrative purposes, market income (total income less government transfers) [1] per capita from tax returns is included. (The per capita, rather than per tax filer, measure is chosen for comparability with GDP per capita.)
2021 budget of the Canadian federal government; Presented: 19 April 2021: Parliament: 43rd: Party: Liberal: Finance minister: Chrystia Freeland: Total revenue: $296.2 billion (projected for 2020), $355.1 billion (projected for 2021) [1] $316.4 billion (Actual for 2020), $413.3 billion (Actual for 2021) [2] Total expenditures