07, Aug 2020, EDT.

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Country or Region: Canada › Change country
Economic Indicator: General Government Structural Balance (National Currency) › See all Canada indicators, › See General Government Structural Balance (National Currency) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Canadian Dollar
Currency Symbol: CAD

Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude. Source: Ministry of Finance or Treasury Latest actual data: 2015 Notes: Fiscal data are on a calendar year basis. Fiscal assumptions: Projections use the baseline forecasts in the Update of Economic and Fiscal Projections (November 2015), Backgrounder Canadian Economic Outlook (February 2016), 2015 provincial budget updates, and 2016 provincial budgets as available. The IMF staff makes some adjustments to this forecast for differences in macroeconomic projections. The IMF staff forecast also incorporates the most recent data releases from Statistics Canada?s Canadian System of National Economic Accounts, including federal, provincial, and territorial budgetary outturns through the end of 2015. Start/end months of reporting year: January/December GFS Manual used: Government Finance Statisti

General Government Structural Balance (National Currency) for Canada is CAD -25.672 Billion. Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude.

In the previous year, 2014, General Government Structural Balance (National Currency) for Canada was CAD -10.63 Billion General Government Structural Balance (National Currency) for Canada in 2015 was or will be 141.44% more than it was or will be in 2014.

In the following or forecasted year, 2016, General Government Structural Balance (National Currency) for Canada was or will be CAD -39.88 Billion, which is 55.35% more than the 2015 figure.