Budget balance in Canada in relation to gross domestic product (GDP) 2029

The budget balance in relation to the GDP in Canada was forecast to continuously increase between 2024 and 2029 by in total 0.7 percentage points. According to this forecast in 2029, the budget balance will have increased for the fifth consecutive year to -0.41 percent.
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 expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

Find more statistics on other topics about Canada with key insights such as national debt, ratio of national debt to gross domestic product and average inflation rate.