Archived - Departmental Plan 2020–2021: text version

Departmental spending trend graph

This bar graph shows the Department of Finance Canada's total actual and planned expenditures, including statutory and voted spending, from 2017–18 to 2022–23.

In 2017–18, statutory spending was $90.2 billion and voted spending was $131 million. Total spending was $90.3 billion.

In 2018–19, statutory spending was $94 billion and voted spending was $109 million. Total spending was $94.1 billion.

In 2019–20, statutory spending was $99.6 billion and voted spending was $107 million. Total spending is $99.7 billion.

In 2020–21, statutory spending of $99.4 billion and voted spending of $105 million are planned. Total spending is $99.5 billion.

In 2021–22, statutory spending of $102.7 billion and voted spending of $104 million are planned. Total spending is $102.8 billion.

In 2022–23, statutory spending of $106.5 billion and voted spending of $104 million are planned. Total spending is $106.6 billion.

Departmental Results Framework

Core Responsibility: Economic and Fiscal Policy

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