Archived - Fiscal Reference Tables – 2016: Part 3 of 9
Table 12
Direct program expenses
(millions of dollars)
Year | Other transfers |
Crown corporation expenses | National Defence | Other departments and agencies |
Total |
---|---|---|---|---|---|
1983–84 | 13,970 | 3,157 | 7,209 | 13,219 | 37,555 |
1984–85 | 16,202 | 4,676 | 7,900 | 13,065 | 41,843 |
1985–86 | 14,753 | 3,101 | 8,386 | 13,293 | 39,533 |
1986–87 | 14,649 | 3,549 | 9,143 | 14,537 | 41,878 |
1987–88 | 16,800 | 4,344 | 9,708 | 16,239 | 47,091 |
1988–89 | 16,820 | 3,201 | 10,206 | 17,612 | 47,839 |
1989–90 | 16,157 | 3,530 | 10,982 | 19,197 | 49,866 |
1990–91 | 15,787 | 4,596 | 11,323 | 19,573 | 51,279 |
1991–92 | 17,712 | 4,445 | 10,759 | 17,863 | 50,779 |
1992–93 | 18,499 | 4,901 | 10,780 | 20,447 | 54,627 |
1993–94 | 18,789 | 2,770 | 11,087 | 20,304 | 52,950 |
1994–95 | 20,437 | 3,230 | 10,580 | 22,398 | 56,645 |
1995–96 | 18,578 | 7,666 | 9,817 | 19,598 | 55,659 |
1996–97 | 17,978 | 3,237 | 8,807 | 20,317 | 50,339 |
1997–98 | 22,099 | 2,578 | 9,087 | 21,565 | 55,329 |
1998–99 | 16,208 | 3,925 | 9,308 | 21,590 | 51,031 |
1999–00 | 19,140 | 3,318 | 10,113 | 22,795 | 55,366 |
2000–01 | 22,070 | 3,448 | 9,744 | 27,226 | 62,488 |
2001–02 | 19,430 | 4,175 | 10,443 | 29,703 | 63,751 |
2002–03 | 22,657 | 4,572 | 11,803 | 28,996 | 68,028 |
2003–04 | 26,295 | 4,474 | 12,869 | 32,844 | 76,482 |
2004–05 | 29,118 | 6,835 | 14,318 | 35,151 | 85,422 |
2005–06 | 28,634 | 5,076 | 15,034 | 35,243 | 83,987 |
2006–07 | 30,693 | 5,109 | 15,732 | 41,103 | 92,637 |
2007–08 | 31,269 | 5,185 | 17,331 | 44,552 | 98,337 |
2008–09 | 34,793 | 5,859 | 18,770 | 44,567 | 103,989 |
2009–10 | 45,949 | 7,400 | 20,863 | 48,556 | 122,768 |
2010–11 | 43,155 | 7,584 | 21,273 | 50,407 | 122,419 |
2011–12 | 37,720 | 8,198 | 22,783 | 50,393 | 119,094 |
2012-13 | 34,862 | 9,512 | 22,978 | 50,128 | 117,480 |
2013-14 | 36,698 | 7,484 | 21,511 | 50,217 | 115,910 |
2014-15 | 35,126 | 7,590 | 23,669 | 47,889 | 114,274 |
2015-16 | 34,874 | 8,358 | 28,519 | 50,339 | 122,090 |
(1) Other transfers include transfer payments to individuals and other organizations not included in major transfers to persons and other levels of government. |
Table 13
Public debt charges
Year | Gross public debt charges (millions of dollars) |
Return on investments (millions of dollars) |
Net public debt charges (millions of dollars) |
Gross public debt charges as a percentage of revenues (per cent) |
Gross public debt charges as a percentage of expenses (per cent) |
Gross public debt charges as a percentage of interest-bearing debt (per cent) |
---|---|---|---|---|---|---|
1966–67 | 1,182 | 519 | 663 | 11.8 | 11.3 | 4.4 |
1967–68 | 1,286 | 612 | 674 | 11.8 | 10.7 | 4.5 |
1968–69 | 1,464 | 695 | 769 | 11.9 | 11.3 | 4.8 |
1969–70 | 1,694 | 860 | 834 | 11.5 | 11.6 | 5.3 |
1970–71 | 1,887 | 1,000 | 887 | 12.3 | 11.5 | 5.3 |
1971–72 | 2,110 | 1,133 | 977 | 12.3 | 11.2 | 5.4 |
1972–73 | 2,300 | 1,265 | 1,035 | 11.6 | 10.6 | 5.5 |
1973–74 | 2,565 | 1,461 | 1,104 | 11.2 | 10.2 | 5.9 |
1974–75 | 3,238 | 1,802 | 1,436 | 10.8 | 10.1 | 6.6 |
1975–76 | 3,970 | 2,083 | 1,887 | 12.2 | 10.3 | 7.2 |
1976–77 | 4,708 | 2,410 | 2,298 | 13.3 | 11.2 | 7.6 |
1977–78 | 5,531 | 2,592 | 2,939 | 15.5 | 11.9 | 7.6 |
1978–79 | 7,024 | 3,059 | 3,965 | 18.4 | 13.7 | 7.8 |
1979–80 | 8,494 | 3,646 | 4,848 | 19.6 | 15.4 | 8.7 |
1980–81 | 10,658 | 4,409 | 6,249 | 20.0 | 15.7 | 9.5 |
1981–82 | 15,114 | 5,200 | 9,914 | 22.5 | 18.2 | 12.0 |
1982–83 | 16,903 | 4,628 | 12,275 | 25.1 | 17.5 | 11.0 |
|
||||||
1983–84 | 20,430 | 4,266 | 16,164 | 31.3 | 20.9 | 9.7 |
1984–85 | 24,887 | 4,298 | 20,589 | 34.6 | 22.8 | 10.1 |
1985–86 | 27,657 | 3,661 | 23,996 | 35.6 | 24.9 | 9.9 |
1986–87 | 28,718 | 4,255 | 24,463 | 33.1 | 24.6 | 9.2 |
1987–88 | 31,223 | 4,737 | 26,486 | 32.1 | 24.7 | 9.2 |
1988–89 | 35,532 | 5,547 | 29,985 | 33.4 | 26.5 | 9.6 |
1989–90 | 41,246 | 5,850 | 35,396 | 35.6 | 28.4 | 10.4 |
1990–91 | 45,034 | 6,807 | 38,227 | 37.6 | 29.3 | 10.4 |
1991–92 | 43,861 | 6,521 | 37,340 | 34.8 | 27.7 | 9.4 |
1992–93 | 41,332 | 6,838 | 34,494 | 33.2 | 25.3 | 8.2 |
1993–94 | 40,099 | 5,240 | 34,859 | 32.4 | 24.7 | 7.4 |
1994–95 | 44,185 | 4,719 | 39,466 | 33.8 | 26.4 | 7.7 |
1995–96 | 49,407 | 5,344 | 44,063 | 35.2 | 29.0 | 8.0 |
1996–97 | 47,281 | 4,247 | 43,034 | 31.5 | 29.8 | 7.5 |
1997–98 | 43,120 | 4,721 | 38,399 | 26.8 | 27.3 | 6.9 |
1998–99 | 43,303 | 4,890 | 38,413 | 26.2 | 27.1 | 6.9 |
1999–00 | 43,384 | 5,455 | 37,929 | 24.6 | 26.8 | 6.9 |
2000–01 | 43,892 | 6,424 | 37,468 | 22.6 | 25.2 | 7.0 |
2001–02 | 39,651 | 5,625 | 34,026 | 21.6 | 22.5 | 6.4 |
2002–03 | 37,270 | 7,127 | 30,143 | 19.6 | 20.3 | 6.1 |
2003–04 | 35,769 | 6,809 | 28,960 | 17.8 | 18.7 | 5.8 |
2004–05 | 34,118 | 6,985 | 27,133 | 15.9 | 16.0 | 5.6 |
2005–06 | 33,772 | 8,184 | 25,588 | 15.1 | 16.0 | 5.6 |
2006–07 | 33,945 | 8,642 | 25,303 | 14.2 | 15.1 | 5.7 |
2007–08 | 33,325 | 7,308 | 26,017 | 13.6 | 14.1 | 5.7 |
2008–09 | 30,990 | 9,566 | 21,424 | 13.1 | 12.8 | 4.4 |
2009–10 | 29,414 | 6,487 | 22,927 | 13.2 | 10.6 | 3.9 |
2010–11 | 30,871 | 12,236 | 18,635 | 12.8 | 11.3 | 3.9 |
2011–12 | 31,080 | 10,827 | 20,253 | 12.5 | 11.3 | 3.7 |
2012-13 | 28,871 | 10,204 | 18,667 | 11.2 | 10.5 | 3.2 |
2013-14 | 28,220 | 11,252 | 16,968 | 10.4 | 10.2 | 3.2 |
2014-15 | 26,594 | 12,588 | 14,006 | 9.4 | 9.5 | 3.0 |
2015-16 | 25,595 | 11,319 | 14,276 | 8.7 | 8.6 | 2.7 |
Due to a break in the series following the introduction of full accrual accounting, data from 1983–84 onward are not directly comparable with earlier years. |
Table 14
Interest-bearing debt
Year | Unmatured debt held by residents (millions of dollars) |
Unmatured debt held by non-residents (millions of dollars) |
Total unmatured debt (millions of dollars) |
Percentage held by non-residents (per cent) |
Public sector pensions (millions of dollars) |
Other liabilities (millions of dollars) |
Total pension and other liabilities (millions of dollars) |
Total interest-bearing debt (millions of dollars) |
---|---|---|---|---|---|---|---|---|
1966–67 | 18,734 | 815 | 19,549 | 4.2 | 5,530 | 1,833 | 7,363 | 26,912 |
1967–68 | 19,593 | 693 | 20,286 | 3.4 | 6,310 | 1,816 | 8,126 | 28,412 |
1968–69 | 20,712 | 993 | 21,705 | 4.6 | 7,163 | 1,852 | 9,015 | 30,720 |
1969–70 | 21,145 | 939 | 22,084 | 4.3 | 8,003 | 1,840 | 9,843 | 31,927 |
1970–71 | 24,132 | 709 | 24,841 | 2.9 | 8,920 | 1,914 | 10,834 | 35,675 |
1971–72 | 26,495 | 717 | 27,212 | 2.6 | 9,874 | 1,953 | 11,827 | 39,039 |
1972–73 | 28,156 | 855 | 29,011 | 2.9 | 10,952 | 1,975 | 12,927 | 41,938 |
1973–74 | 28,417 | 724 | 29,141 | 2.5 | 12,174 | 1,998 | 14,172 | 43,313 |
1974–75 | 32,147 | 850 | 32,997 | 2.6 | 13,654 | 2,089 | 15,743 | 48,740 |
1975–76 | 36,138 | 1,410 | 37,548 | 3.8 | 15,377 | 2,037 | 17,414 | 54,962 |
1976–77 | 40,367 | 2,134 | 42,501 | 5.0 | 17,252 | 2,060 | 19,312 | 61,813 |
1977–78 | 49,068 | 2,405 | 51,473 | 4.7 | 19,361 | 2,217 | 21,578 | 73,051 |
1978–79 | 59,323 | 7,003 | 66,326 | 10.6 | 21,536 | 2,383 | 23,919 | 90,245 |
1979–80 | 64,119 | 7,405 | 71,524 | 10.4 | 23,722 | 2,562 | 26,284 | 97,808 |
1980–81 | 73,151 | 9,276 | 82,427 | 11.3 | 26,529 | 2,751 | 29,280 | 111,707 |
1981–82 | 81,963 | 10,578 | 92,541 | 11.4 | 30,143 | 3,374 | 33,517 | 126,058 |
1982–83 | 104,089 | 11,785 | 115,874 | 10.2 | 34,143 | 3,516 | 37,659 | 153,533 |
|
||||||||
1983–84 | 130,027 | 12,970 | 142,997 | 9.1 | 38,009 | 29,492 | 67,501 | 210,498 |
1984–85 | 152,573 | 19,871 | 172,444 | 11.5 | 42,312 | 30,908 | 73,220 | 245,664 |
1985–86 | 174,990 | 25,859 | 200,849 | 12.9 | 46,994 | 32,110 | 79,104 | 279,953 |
1986–87 | 191,283 | 36,926 | 228,209 | 16.2 | 51,992 | 32,684 | 84,676 | 312,885 |
1987–88 | 205,344 | 44,572 | 249,916 | 17.8 | 57,417 | 33,467 | 90,884 | 340,800 |
1988–89 | 215,769 | 58,378 | 274,147 | 21.3 | 63,241 | 33,846 | 97,087 | 371,234 |
1989–90 | 227,686 | 63,959 | 291,645 | 21.9 | 69,626 | 34,861 | 104,487 | 396,132 |
1990–91 | 246,962 | 73,751 | 320,713 | 23.0 | 76,139 | 35,916 | 112,055 | 432,768 |
1991–92 | 264,792 | 84,879 | 349,671 | 24.3 | 81,881 | 36,621 | 118,502 | 468,173 |
1992–93 | 273,729 | 105,968 | 379,697 | 27.9 | 87,911 | 37,184 | 125,095 | 504,792 |
1993–94 | 298,159 | 114,021 | 412,180 | 27.7 | 94,097 | 37,253 | 131,350 | 543,530 |
1994–95 | 321,238 | 116,375 | 437,613 | 26.6 | 101,033 | 38,766 | 139,799 | 577,412 |
1995–96 | 343,412 | 124,476 | 467,888 | 26.6 | 107,882 | 40,612 | 148,494 | 616,382 |
1996–97 | 352,767 | 124,430 | 477,197 | 26.1 | 114,205 | 42,073 | 156,278 | 633,475 |
1997–98 | 349,451 | 118,737 | 468,188 | 25.4 | 117,457 | 43,417 | 160,874 | 629,062 |
1998–99 | 353,275 | 107,027 | 460,302 | 23.3 | 122,407 | 45,784 | 168,191 | 628,493 |
1999–00 | 355,036 | 98,960 | 453,996 | 21.8 | 128,346 | 47,405 | 175,751 | 629,747 |
2000–01 | 353,548 | 92,610 | 446,158 | 20.8 | 129,185 | 49,788 | 178,973 | 625,131 |
2001–02 | 366,754 | 75,056 | 441,810 | 17.0 | 126,921 | 51,021 | 177,942 | 619,752 |
2002–03 | 352,209 | 85,334 | 437,543 | 19.5 | 125,708 | 52,579 | 178,287 | 615,830 |
2003–04 | 373,759 | 60,225 | 433,984 | 13.9 | 127,560 | 53,338 | 180,898 | 614,882 |
2004–05 | 370,148 | 57,276 | 427,424 | 13.4 | 129,579 | 50,229 | 179,808 | 607,232 |
2005–06 | 361,452 | 59,697 | 421,149 | 14.2 | 131,062 | 48,862 | 179,924 | 601,073 |
2006–07 | 358,972 | 55,220 | 414,192 | 13.3 | 134,726 | 50,334 | 185,060 | 599,252 |
2007–08 | 339,962 | 50,735 | 390,697 | 13.0 | 137,371 | 53,796 | 191,167 | 581,864 |
2008–09 | 441,408 | 72,612 | 514,020 | 14.1 | 139,909 | 56,234 | 196,143 | 710,163 |
2009–10 | 467,984 | 91,142 | 559,126 | 16.3 | 142,843 | 60,814 | 203,657 | 762,783 |
2010–11 | 462,620 | 128,535 | 591,155 | 21.7 | 146,135 | 64,521 | 210,656 | 801,811 |
2011–12 | 467,936 | 158,416 | 626,352 | 25.3 | 148,911 | 68,848 | 217,759 | 844,111 |
2012-13 | 477,929 | 194,458 | 672,387 | 28.9 | 151,667 | 73,347 | 225,014 | 897,401 |
2013-14 | 488,106 | 170,852 | 658,958 | 25.9 | 153,162 | 77,873 | 231,035 | 889,993 |
2014-15 | 486,554 | 178,626 | 665,180 | 26.9 | 152,664 | 82,142 | 234,806 | 899,986 |
2015-16 | 489,419 | 198,792 | 688,211 | 28.9 | 152,227 | 91,283 | 243,510 | 931,721 |
Due to a break in the series following the introduction of full accrual accounting, data from 1983–84 onward are not directly comparable with earlier years. |
Table 15
Gross and net debt
(millions of dollars)
Year | Interest-bearing debt | Accounts payable and accrued liabilities | Gross debt | Financial assets | Net debt | Non-financial assets | Accumulated deficit |
---|---|---|---|---|---|---|---|
1966–67 | 26,912 | 1,487 | 28,399 | 10,691 | - | - | 17,708 |
1967–68 | 28,412 | 1,835 | 30,247 | 11,497 | - | - | 18,750 |
1968–69 | 30,720 | 1,977 | 32,697 | 13,280 | - | - | 19,417 |
1969–70 | 31,927 | 2,164 | 34,091 | 14,814 | - | - | 19,277 |
1970–71 | 35,675 | 2,368 | 38,043 | 17,750 | - | - | 20,293 |
1971–72 | 39,039 | 3,194 | 42,233 | 20,154 | - | - | 22,079 |
1972–73 | 41,938 | 4,092 | 46,030 | 22,050 | - | - | 23,980 |
1973–74 | 43,313 | 5,345 | 48,658 | 22,467 | - | - | 26,191 |
1974–75 | 48,740 | 5,560 | 54,300 | 25,884 | - | - | 28,416 |
1975–76 | 54,962 | 6,007 | 60,969 | 26,349 | - | - | 34,620 |
1976–77 | 61,813 | 7,457 | 69,270 | 27,753 | - | - | 41,517 |
1977–78 | 73,051 | 8,487 | 81,538 | 29,142 | - | - | 52,396 |
1978–79 | 90,245 | 8,972 | 99,217 | 33,792 | - | - | 65,425 |
1979–80 | 97,808 | 9,262 | 107,070 | 29,678 | - | - | 77,392 |
1980–81 | 111,707 | 11,859 | 123,566 | 31,618 | - | - | 91,948 |
1981–82 | 126,058 | 15,529 | 141,587 | 33,965 | - | - | 107,622 |
1982–83 | 153,533 | 17,361 | 170,894 | 34,223 | - | - | 136,671 |
|
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1983–84 | 210,498 | 34,475 | 244,973 | 73,117 | 171,856 | 14,604 | 157,252 |
1984–85 | 245,664 | 38,817 | 284,481 | 71,811 | 212,670 | 18,251 | 194,419 |
1985–86 | 279,953 | 39,416 | 319,369 | 70,125 | 249,244 | 21,436 | 227,808 |
1986–87 | 312,885 | 42,131 | 355,016 | 73,184 | 281,832 | 24,182 | 257,650 |
1987–88 | 340,800 | 47,211 | 388,011 | 75,036 | 312,975 | 26,308 | 286,667 |
1988–89 | 371,234 | 50,214 | 421,448 | 77,879 | 343,569 | 28,955 | 314,614 |
1989–90 | 396,132 | 53,164 | 449,296 | 74,539 | 374,757 | 31,000 | 343,757 |
1990–91 | 432,768 | 54,894 | 487,662 | 76,582 | 411,080 | 33,424 | 377,656 |
1991–92 | 468,173 | 56,075 | 524,248 | 78,519 | 445,729 | 35,754 | 409,975 |
1992–93 | 504,792 | 58,398 | 563,190 | 75,973 | 487,217 | 38,223 | 448,994 |
1993–94 | 543,530 | 63,723 | 607,253 | 79,327 | 527,926 | 40,402 | 487,524 |
1994–95 | 577,412 | 71,321 | 648,733 | 81,239 | 567,494 | 43,338 | 524,156 |
1995–96 | 616,382 | 74,881 | 691,263 | 92,655 | 598,608 | 44,446 | 554,162 |
1996–97 | 633,475 | 75,928 | 709,403 | 100,407 | 608,996 | 46,115 | 562,881 |
1997–98 | 629,062 | 81,739 | 710,801 | 103,644 | 607,157 | 47,235 | 559,922 |
1998–99 | 628,493 | 83,671 | 712,164 | 109,298 | 602,866 | 48,723 | 554,143 |
1999–00 | 629,747 | 83,876 | 713,623 | 123,507 | 590,116 | 50,231 | 539,885 |
2000–01 | 625,131 | 88,479 | 713,610 | 141,873 | 571,737 | 51,743 | 519,994 |
2001–02 | 619,752 | 83,244 | 702,996 | 137,684 | 565,312 | 53,366 | 511,946 |
2002–03 | 615,830 | 83,196 | 699,026 | 139,456 | 559,570 | 54,245 | 505,325 |
2003–04 | 614,882 | 85,212 | 700,094 | 149,092 | 551,002 | 54,822 | 496,180 |
2004–05 | 607,232 | 97,740 | 704,972 | 155,385 | 549,587 | 54,870 | 494,717 |
2005–06 | 601,073 | 101,432 | 702,505 | 165,559 | 536,946 | 55,447 | 481,499 |
2006–07 | 599,252 | 106,511 | 705,763 | 181,858 | 523,905 | 56,637 | 467,268 |
2007–08 | 581,864 | 110,463 | 692,327 | 176,046 | 516,281 | 58,644 | 457,637 |
2008–09 | 710,163 | 113,999 | 824,162 | 298,949 | 525,213 | 61,503 | 463,710 |
2009–10 | 762,783 | 120,525 | 883,308 | 300,836 | 582,472 | 63,375 | 519,097 |
2010–11 | 801,811 | 119,060 | 920,871 | 303,963 | 616,908 | 66,581 | 550,327 |
2011–12 | 844,111 | 125,003 | 969,114 | 317,579 | 651,535 | 67,959 | 583,576 |
2012-13 | 897,401 | 118,744 | 1,016,145 | 337,832 | 678,313 | 68,922 | 609,391 |
2013-14 | 889,993 | 111,730 | 1,001,723 | 319,409 | 682,314 | 70,433 | 611,881 |
2014-15 | 899,986 | 123,631 | 1,023,617 | 336,658 | 686,959 | 74,629 | 612,330 |
2015-16 | 931,721 | 127,853 | 1,059,574 | 365 823 | 693,751 | 77,765 | 615,986 |
Due to a break in the series following the introduction of full accrual accounting, data from 1983–84 onward are not directly comparable with earlier years. |
Table 16
Unmatured debt held by outside parties
(millions of dollars)
Year | Domestic marketable bonds(1) |
Foreign marketable bonds (1, 2) |
Total marketable bonds |
Treasury bills(1) | Retail debt (3) | Canada Pension Plan bonds | Other unma- tured dept |
Unamortized discounts and premiums and cross-currency swap revaluation |
Less: govern-ment's own holdings |
Total |
---|---|---|---|---|---|---|---|---|---|---|
1966–67 | 11,018 | 523 | 11,541 | 2,310 | 6,017 | 2 | - | -121 | 200 | 19,549 |
1967–68 | 11,573 | 318 | 11,891 | 2,480 | 6,096 | 6 | - | -138 | 49 | 20,286 |
1968–69 | 12,294 | 600 | 12,894 | 2,840 | 6,169 | 12 | - | -163 | 47 | 21,705 |
1969–70 | 12,279 | 605 | 12,884 | 2,895 | 6,579 | 16 | - | -183 | 107 | 22,084 |
1970–71 | 13,021 | 495 | 13,516 | 3,735 | 7,804 | 21 | - | -175 | 60 | 24,841 |
1971–72 | 13,385 | 493 | 13,878 | 3,830 | 9,712 | 28 | - | -169 | 67 | 27,212 |
1972–73 | 13,423 | 491 | 13,914 | 4,290 | 10,989 | 35 | - | -157 | 60 | 29,011 |
1973–74 | 13,592 | 415 | 14,007 | 4,905 | 10,406 | 43 | - | -156 | 64 | 29,141 |
1974–75 | 14,311 | 365 | 14,676 | 5,630 | 12,915 | 52 | - | -199 | 77 | 32,997 |
1975–76 | 15,481 | 337 | 15,818 | 6,495 | 15,517 | 62 | - | -257 | 87 | 37,548 |
1976–77 | 17,748 | 335 | 18,083 | 8,255 | 16,304 | 72 | - | -124 | 89 | 42,501 |
1977–78 | 21,182 | 1,190 | 22,372 | 11,295 | 18,011 | 84 | - | -191 | 98 | 51,473 |
1978–79 | 26,532 | 7,376 | 33,908 | 13,535 | 19,247 | 96 | - | -314 | 146 | 66,326 |
1979–80 | 32,947 | 4,860 | 37,807 | 16,325 | 18,081 | 113 | - | -497 | 305 | 71,524 |
1980–81 | 40,849 | 4,794 | 45,643 | 21,770 | 15,812 | 136 | - | -711 | 223 | 82,427 |
1981–82 | 43,493 | 5,428 | 48,921 | 19,375 | 24,978 | 154 | - | -626 | 261 | 92,541 |
1982–83 | 48,377 | 6,385 | 54,762 | 29,125 | 32,641 | 171 | - | -688 | 137 | 115,874 |
|
||||||||||
1983–84 | 57,036 | 6,086 | 63,122 | 41,700 | 38,204 | 189 | 1,112 | -1,016 | 314 | 142,997 |
1984–85 | 69,438 | 9,057 | 78,495 | 52,300 | 41,960 | 205 | 1,112 | -1,387 | 241 | 172,444 |
1985–86 | 81,067 | 13,797 | 94,864 | 61,950 | 44,245 | 445 | 1,112 | -1,492 | 275 | 200,849 |
1986–87 | 94,426 | 11,997 | 106,423 | 76,950 | 44,309 | 1,796 | 1,112 | -1,514 | 867 | 228,209 |
1987–88 | 103,899 | 11,282 | 115,181 | 81,050 | 53,323 | 2,492 | 1,112 | -2,005 | 1,237 | 249,916 |
1988–89 | 115,748 | 8,320 | 124,068 | 102,700 | 47,756 | 3,005 | 1,112 | -3,266 | 1,228 | 274,147 |
1989–90 | 127,682 | 5,675 | 133,357 | 118,550 | 40,929 | 3,072 | 1,112 | -4,029 | 1,346 | 291,645 |
1990–91 | 143,600 | 4,526 | 148,126 | 139,150 | 34,444 | 3,492 | 1,112 | -4,302 | 1,309 | 320,713 |
1991–92 | 158,062 | 3,444 | 161,506 | 152,300 | 35,598 | 3,501 | 1,112 | -3,326 | 1,020 | 349,671 |
1992–93 | 178,465 | 5,409 | 183,874 | 162,050 | 34,369 | 3,505 | 1,112 | -4,156 | 1,057 | 379,697 |
1993–94 | 203,445 | 10,668 | 214,113 | 166,000 | 31,331 | 3,497 | 1,112 | -2,907 | 966 | 412,180 |
1994–95 | 225,747 | 16,921 | 242,668 | 164,450 | 31,386 | 3,488 | 1,838 | -5,223 | 994 | 437,613 |
1995–96 | 252,766 | 16,809 | 269,575 | 166,100 | 31,428 | 3,478 | 1,885 | -3,544 | 1,034 | 467,888 |
1996–97 | 282,563 | 23,016 | 305,579 | 135,400 | 33,493 | 3,468 | 1,935 | -1,590 | 1,088 | 477,197 |
1997–98 | 294,605 | 27,183 | 321,788 | 112,300 | 30,479 | 3,456 | 1,924 | -528 | 1,231 | 468,188 |
1998–99 | 295,774 | 36,000 | 331,774 | 96,950 | 28,217 | 4,063 | 2,614 | -4 | 3,312 | 460,302 |
1999–00 | 294,441 | 32,588 | 327,029 | 99,850 | 26,899 | 3,552 | 2,601 | -2,823 | 3,112 | 453,996 |
2000–01 | 295,487 | 33,664 | 329,151 | 88,700 | 26,416 | 3,473 | 2,591 | -1,304 | 2,869 | 446,158 |
2001–02 | 294,898 | 27,547 | 322,445 | 94,200 | 24,021 | 3,391 | 2,619 | -1,737 | 3,129 | 441,810 |
2002–03 | 289,208 | 21,603 | 310,811 | 104,600 | 22,584 | 3,371 | 2,664 | -3,760 | 2,727 | 437,543 |
2003–04 | 278,962 | 20,828 | 299,790 | 113,400 | 21,330 | 3,427 | 2,774 | -5,247 | 1,490 | 433,984 |
2004–05 | 266,674 | 16,543 | 283,217 | 127,200 | 19,080 | 3,393 | 2,932 | -7,264 | 1,134 | 427,424 |
2005–06 | 261,872 | 14,333 | 276,205 | 131,600 | 17,342 | 3,102 | 2,927 | -9,038 | 989 | 421,149 |
2006–07 | 257,909 | 10,617 | 268,526 | 134,100 | 15,175 | 1,743 | 3,096 | -7,750 | 698 | 414,192 |
2007–08 | 253,802 | 9,716 | 263,518 | 117,000 | 13,068 | 1,042 | 4,236 | -7,633 | 534 | 390,697 |
2008–09 | 295,322 | 10,649 | 305,971 | 192,500 | 12,532 | 523 | 4,184 | -1,061 | 629 | 514,020 |
2009–10 | 368,013 | 8,298 | 376,311 | 175,900 | 11,855 | 452 | 4,090 | -9,325 | 157 | 559,126 |
2010–11 | 416,411 | 7,681 | 424,092 | 163,000 | 10,141 | 27 | 3,875 | -9,576 | 404 | 591,155 |
2011–12 | 447,768 | 10,769 | 458,537 | 163,400 | 8,922 | 11 | 4,086 | -8,743 | -139 | 626,352 |
2012-13 | 468,859 | 10,858 | 479,717 | 180,700 | 7,481 | 4,564 | -188 | -113 | 672,387 | |
2013-14 | 472,918 | 16,090 | 489,008 | 153,000 | 6,327 | - | 4,782 | 5,510 | -331 | 658,958 |
2014-15 | 487,413 | 20,335 | 507,748 | 135,700 | 5,660 | - | 4,715 | 10,965 | -392 | 665,180 |
2015-16 | 504,121 | 22,538 | 526,659 | 138,100 | 5,076 | - | 5,047 | 13,438 | 109 | 591,155 |
(1) Includes government holdings of its own debt. (2) Includes Canada bills, Canada notes and Euro medium-term notes. (3) Includes Canada Savings Bonds and Canada Premium Bonds. Due to a break in the series following the introduction of full accrual accounting, data from 1983–84 onward are not directly comparable with earlier years. |
Table 17
Actual, cyclically adjusted and cyclically adjusted primary budgetary balances
Federal Government - Public Accounts
Year | Actual (millions of dollars) |
Cyclically adjusted(1) (millions of dollars) |
Cyclically adjusted primary(1) (millions of dollars) |
Actual (per cent of potential GDP) |
Cyclically adjusted(1) (per cent of potential GDP) |
Cyclically adjusted primary(1) (per cent of potential GDP) |
---|---|---|---|---|---|---|
1991-92 | -32 319 | -29 173 | 14 688 | -4,5 | -4,1 | 2,0 |
1992-93 | -39 019 | -30 846 | 10 486 | -5,3 | -4,2 | 1,4 |
1993-94 | -38 530 | -33 638 | 6 461 | -5,0 | -4,4 | 0,8 |
1994-95 | -36 632 | -34 434 | 9 751 | -4,6 | -4,3 | 1,2 |
1995-96 | -30 006 | -30 637 | 18 770 | -3,6 | -3,7 | 2,3 |
1996-97 | -8 719 | -6 101 | 41 180 | -1,0 | -0,7 | 4,7 |
1997-98 | 2 959 | 2 154 | 45 274 | 0,3 | 0,2 | 5,0 |
1998-99 | 5 779 | 9 460 | 52 763 | 0,6 | 1,0 | 5,6 |
1999-00 | 14 258 | 17 079 | 60 463 | 1,4 | 1,7 | 6,1 |
2000-01 | 19 891 | 12 723 | 56 615 | 1,8 | 1,2 | 5,2 |
2001-02 | 8 048 | 9 629 | 49 280 | 0,7 | 0,8 | 4,3 |
2002-03 | 6 621 | 13 278 | 50 548 | 0,6 | 1,1 | 4,3 |
2003-04 | 9 145 | 10 909 | 46 678 | 0,7 | 0,9 | 3,7 |
2004-05 | 1 463 | 11 129 | 45 247 | 0,1 | 0,8 | 3,4 |
2005-06 | 13 218 | 12 619 | 46 391 | 0,9 | 0,9 | 3,3 |
2006-07 | 13 752 | 7 592 | 41 537 | 0,9 | 0,5 | 2,8 |
2007-08 | 9 597 | -435 | 32 890 | 0,6 | 0,0 | 2,1 |
2008-09 | -5 755 | -5 239 | 25 751 | -0,3 | -0,3 | 1,6 |
2009-10 | -55 598 | -16 806 | 12 608 | -3,4 | -1,0 | 0,8 |
2010-11 | -33 372 | -15 600 | 15 271 | -2,0 | -0,9 | 0,9 |
2011-12 | -26 279 | -19 978 | 11 102 | -1,5 | -1,1 | 0,6 |
2012-13 | -18 415 | -17 009 | 11 862 | -1,0 | -0,9 | 0,6 |
2013-14 | -5 150 | -5 850 | 22 370 | -0,3 | -0,3 | 1,2 |
2014-15 | 1 911 | -1 054 | 25 540 | 0,1 | -0,1 | 1,3 |
2015-16 | -987 | 177 | 25 772 | 0,0 | 0,0 | 1,3 |
Sources: Statistics Canada; Public Accounts of Canada; Department of Finance. Estimates are based on an update of the methodology developed in the Department of Finance working paper "Fiscal Policy and the Business Cycle: A New Approach to Identifying the Interaction" (2003), Stephen Murchison and Janine Robbins. In particular, this update incorporates the cyclical impact of commodity prices in the calculation of the cyclical component and a treatment of the Employment Insurance Account that is reflective of the current regime. (1)For some specific years, temporary counter-cyclical fiscal measures (e.g. most temporary measures included in the stimulus phase of the Economic Action Plan) as well as punctual factors such as one-time gains or expenses (e.g. related to sales tax harmonization, Alberta flood costs), are included in the cyclical component of the balance and therefore excluded from the cyclically adjusted budgetary balance. |
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