Archived - Departmental Plan 2018–19: text version

This bar graph shows the Department of Finance Canada's total actual and planned expenditures, including statutory and voted spending, from 2015–16 to 2020–21.

In 2015–16, statutory spending was $86.9 billion and voted spending was $116 million. Total spending was $87 billion.

In 2016–17, statutory spending was $88.3 billion and voted spending was $107 million. Total spending was $88.4 billion.

In 2017–18, statutory spending was $89.8 billion and voted spending was $135 million. Total spending was $90 billion.

In 2018–19, statutory spending of $93.9 billion and voted spending of $95 million are planned. Total planned spending is $94 billion.

In 2019–20, statutory spending of $98.7 billion and voted spending of $91 million are planned. Total planned spending is $98.8 billion.

In 2020–21, statutory spending of $103.2 billion and voted spending of $91 million are planned. Total planned spending is $103.3 billion.

Departmental Result: Canadians enjoy stronger, more sustainable and inclusive economic growth that contributes to higher standards of living.

• Indicator: Gross domestic product per capita (ranking among the Organisation for Economic Co-operation and Development (OECD) countries)
• Indicator: Employment rate among the population age 15 to 64 (ranking among the OECD countries)
• Indicator: Real disposable income across income groups

Departmental Result: Canada’s public finances are sound, sustainable and inclusive.

• Indicator: Federal Debt-to-Gross domestic product (GDP) ratio
• Indicator: The annual Federal Budget includes an assessment of the impact of new expenditure and revenue measures on different groups of women and men

Departmental Result: Canada has a fair and competitive tax system.

• Indicator: Taxes on labour income
• Indicator: Total business tax costs

Departmental Result: Canada has a sound and efficient financial sector.

• Indicator: Percentage of leading international organizations and major ratings agencies that rate Canada’s financial policy framework as favourable
• Indicator: Ranking of Canada’s financial sector in the World Economic Forum’s Global Competitiveness Report

Departmental Result: The Government of Canada’s borrowing requirements are met at a low and stable cost to support an effective management of the federal debt on behalf of Canadians.

• Indicator: Percentage of the Government’s borrowing requirements met within the fiscal year
• Indicator: Canada’s sovereign rating

Departmental Result: The Government of Canada effectively supports provinces, territories and Indigenous governments.

• Indicator: Degree to which timely statutory federal transfer programs assist and support provincial and territorial governments in delivering important public services, including accessible and quality health care (on a scale of 1 to 5)
• Indicator: Degree to which payment issues identified with respect to tax agreements with provinces, territories and Indigenous governments are addressed (on a scale of 1 to 4)

Departmental Result: Canada maintains its leadership and engagement globally and deepens its trading relationships.

• Indicator: Canada’s ranking in the domestic market access pillar of the World Economic Forum Global Enabling Trade Report
• Indicator: Percentage of Finance Canada’s international assistance payments that are publicly reported on a monthly basis to support aid transparency

• Program: Tax Policy and Legislation
• Program: Economic and Fiscal Policy, Planning and Forecasting
• Program: Economic Development Policy
• Program: Federal-Provincial Relations and Social Policy
• Program: Financial Sector Policy
• Program: International Trade and Finance Policy
• Program: Canada Health Transfer
• Program: Fiscal Arrangements with Provinces and Territories
• Program: Tax Collection and Administration Agreements
• Program: Commitments to International Financial Organizations
• Program: Market Debt and Foreign Reserves Management