Fiscal Reference Tables 2023: Part 3 of 9

Table 12
**Direct program expenses**
(millions of dollars)
Year	Canada Emergency Wage Subsidy	Other transfer payments⁽¹⁾	Other direct program expenses⁽²⁾	Total
1983-84		13,970	23,585	37,555
1984-85		16,202	25,641	41,843
1985-86		14,753	24,780	39,533
1986-87		14,649	27,229	41,878
1987-88		16,800	30,291	47,091
1988-89		16,820	31,019	47,839
1989-90		16,157	33,709	49,866
1990-91		15,787	35,492	51,279
1991-92		17,712	33,067	50,779
1992-93		18,499	36,128	54,627
1993-94		18,789	34,161	52,950
1994-95		20,437	36,208	56,645
1995-96		18,578	37,081	55,659
1996-97		17,978	32,361	50,339
1997-98		22,099	33,230	55,329
1998-99		16,208	34,823	51,031
1999-00		19,140	36,226	55,366
2000-01		22,070	40,418	62,488
2001-02		19,430	44,321	63,751
2002-03		22,657	45,371	68,028
2003-04		26,295	50,187	76,482
2004-05		29,118	56,304	85,422
2005-06		28,634	55,353	83,987
2006-07		30,693	61,944	92,637
2007-08		31,269	67,068	98,337
2008-09		34,793	66,799	101,592
2009-10		45,949	70,784	116,733
2010-11		43,155	74,325	117,480
2011-12		37,720	75,034	112,754
2012-13		34,862	74,314	109,176
2013-14		36,698	64,277	100,975
2014-15		35,126	73,971	109,097
2015-16		34,874	79,939	114,813
2016-17		41,580	77,519	119,099
2017-18		47,138	86,488	133,626
2018-19		51,753	90,077	141,830
2019-20		54,405	95,191	149,596
2020-21	80,166	97,961	119,089	297,216
2021-22	22,291	88,478	124,445	235,214
2022-23	-257	99,199	129,596	228,538
⁽¹⁾ Other transfer payments include transfers to individuals and other organizations not included in major transfers to persons and other levels of government. ⁽²⁾ In 2019-20, the government began presenting actuarial gains and losses related to public sector pensions and other employee and veteran future benefits as a separate category of expenses titled "Net actuarial losses". Prior to this change, actuarial gains and losses were included as part of direct program expenses. Fiscal results for 2008-09 to 2018-19 have been reclassified to reflect this change.

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	4.3
1967-68	1,286	612	674	11.8	10.7	4.5
1968-69	1,464	695	769	11.9	11.3	4.7
1969-70	1,694	860	834	11.5	11.6	5.2
1970-71	1,887	1,000	887	12.3	11.5	5.2
1971-72	2,110	1,133	977	12.3	11.2	5.3
1972-73	2,300	1,265	1,035	11.6	10.6	5.4
1973-74	2,565	1,461	1,104	11.2	10.2	5.8
1974-75	3,238	1,802	1,436	10.8	10.1	6.5
1975-76	3,970	2,083	1,887	12.2	10.3	7.1
1976-77	4,708	2,410	2,298	13.3	11.2	7.4
1977-78	5,531	2,592	2,939	15.5	11.9	7.3
1978-79	7,024	3,059	3,965	18.4	13.7	7.6
1979-80	8,494	3,646	4,848	19.6	15.4	8.5
1980-81	10,658	4,409	6,249	20.0	15.7	9.3
1981-82	15,114	5,200	9,914	22.5	18.2	11.6
1982-83	16,903	4,628	12,275	25.1	17.5	10.7

1983-84	20,430	4,266	16,164	31.3	20.9	9.5
1984-85	24,887	4,298	20,589	34.6	22.8	9.9
1985-86	27,657	3,661	23,996	35.6	24.9	9.7
1986-87	28,718	4,255	24,463	33.1	24.6	9.0
1987-88	31,223	4,737	26,486	32.1	24.7	9.0
1988-89	35,532	5,547	29,985	33.4	26.5	9.4
1989-90	41,246	5,850	35,396	35.6	28.4	10.3
1990-91	45,034	6,807	38,227	37.6	29.3	10.3
1991-92	43,861	6,521	37,340	34.8	27.7	9.3
1992-93	41,332	6,838	34,494	33.2	25.3	8.1
1993-94	40,099	5,240	34,859	32.4	24.7	7.3
1994-95	44,185	4,719	39,466	33.8	26.4	7.6
1995-96	49,407	5,344	44,063	35.2	29.0	7.9
1996-97	47,281	4,247	43,034	31.5	29.8	7.4
1997-98	43,120	4,721	38,399	26.8	27.3	6.8
1998-99	43,303	4,890	38,413	26.2	27.1	6.8
1999-00	43,384	5,455	37,929	24.6	26.8	6.8
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	6.3
2002-03	37,270	7,127	30,143	19.6	20.3	6.0
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	5.6
2007-08	33,325	7,308	26,017	13.6	14.1	5.7
2008-09	28,269	9,566	18,703	11.9	11.5	4.0
2009-10	26,562	6,487	20,075	12.0	9.6	3.4
2010-11	28,610	12,236	16,374	12.0	10.4	3.5
2011-12	29,038	10,827	18,211	11.8	10.6	3.4
2012-13	25,533	10,204	15,329	10.0	9.3	2.8
2013-14	24,729	11,252	13,477	9.2	8.9	2.7
2014-15	24,207	12,588	11,619	8.6	8.6	2.6
2015-16	21,837	11,370	10,467	7.5	7.4	2.3
2016-17	21,232	8,951	12,281	7.3	6.9	2.2
2017-18	21,889	10,520	11,369	7.0	6.6	2.2
2018-19	23,266	10,574	12,692	7.0	6.7	2.3
2019-20	24,447	9,277	15,170	7.3	6.5	2.3
2020-21	20,358	-7,970	28,328	6.4	3.2	1.4
2021-22	24,487	14,075	10,412	5.9	4.9	1.5
2022-23	34,955	8,826	26,129	7.8	7.2	2.2
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	19,040	815	19,855	4.1	5,530	1,833	7,363	27,218
1967-68	19,934	693	20,627	3.4	6,310	1,816	8,126	28,753
1968-69	21,124	993	22,117	4.5	7,163	1,852	9,015	31,132
1969-70	21,599	939	22,538	4.2	8,003	1,840	9,843	32,381
1970-71	24,646	709	25,355	2.8	8,920	1,914	10,834	36,189
1971-72	27,092	717	27,809	2.6	9,874	1,953	11,827	39,636
1972-73	28,822	855	29,677	2.9	10,952	1,975	12,927	42,604
1973-74	29,123	724	29,847	2.4	12,174	1,998	14,172	44,019
1974-75	32,906	850	33,756	2.5	13,654	2,089	15,743	49,499
1975-76	37,027	1,410	38,437	3.7	15,377	2,037	17,414	55,851
1976-77	41,972	2,134	44,106	4.8	17,252	2,060	19,312	63,418
1977-78	51,303	2,405	53,708	4.5	19,361	2,217	21,578	75,286
1978-79	61,679	7,003	68,682	10.2	21,536	2,383	23,919	92,601
1979-80	66,227	7,405	73,632	10.1	23,722	2,562	26,284	99,916
1980-81	75,634	9,276	84,910	10.9	26,529	2,751	29,280	114,190
1981-82	86,289	10,578	96,867	10.9	30,143	3,374	33,517	130,384
1982-83	108,702	11,785	120,487	9.8	34,143	3,516	37,659	158,146

1983-84	134,612	12,970	147,582	8.8	38,009	29,492	67,501	215,083
1984-85	157,627	19,871	177,498	11.2	42,312	30,908	73,220	250,718
1985-86	179,853	25,859	205,712	12.6	46,994	32,110	79,104	284,816
1986-87	196,295	36,926	233,221	15.8	51,992	32,684	84,676	317,897
1987-88	211,068	44,572	255,640	17.4	57,417	33,467	90,884	346,524
1988-89	221,569	58,378	279,947	20.9	63,241	33,846	97,087	377,034
1989-90	233,540	63,959	297,499	21.5	69,626	34,861	104,487	401,986
1990-91	252,898	73,728	326,626	22.6	76,139	35,916	112,055	438,681
1991-92	268,987	86,583	355,570	24.4	81,881	36,621	118,502	474,072
1992-93	279,440	106,040	385,480	27.5	87,911	37,184	125,095	510,575
1993-94	304,332	113,291	417,623	27.1	94,097	37,253	131,350	548,973
1994-95	331,688	112,110	443,798	25.3	101,033	38,766	139,799	583,597
1995-96	354,976	119,504	474,480	25.2	107,882	40,612	148,494	622,974
1996-97	364,780	119,411	484,191	24.7	114,205	42,073	156,278	640,469
1997-98	360,291	114,299	474,590	24.1	117,457	43,417	160,874	635,464
1998-99	361,994	104,524	466,518	22.4	122,407	45,784	168,191	634,709
1999-00	361,877	99,779	461,656	21.6	128,346	47,405	175,751	637,407
2000-01	357,873	94,007	451,880	20.8	129,185	49,788	178,973	630,853
2001-02	364,683	82,380	447,063	18.4	126,921	51,021	177,942	625,005
2002-03	349,249	92,417	441,666	20.9	125,708	52,579	178,287	619,953
2003-04	372,402	66,455	438,857	15.1	127,560	53,338	180,898	619,755
2004-05	371,313	61,682	432,995	14.2	129,579	50,229	179,808	612,803
2005-06	366,043	61,855	427,898	14.5	131,062	48,862	179,924	607,822
2006-07	359,729	59,978	419,707	14.3	134,726	50,334	185,060	604,767
2007-08	341,373	55,137	396,510	13.9	137,371	53,796	191,167	587,677
2008-09	443,382	71,407	514,789	13.9	144,145	56,234	200,379	715,168
2009-10	473,225	94,671	567,896	16.7	147,849	60,814	208,663	776,559
2010-11	468,403	132,450	600,853	22.0	152,722	64,521	217,243	818,096
2011-12	470,748	164,538	635,286	25.9	157,252	68,848	226,100	861,386
2012-13	479,334	200,765	680,099	29.5	162,886	73,347	236,233	916,332
2013-14	481,774	178,966	660,740	27.1	167,281	77,873	245,154	905,894
2014-15	476,292	186,184	662,476	28.1	169,244	82,142	251,386	913,862
2015-16	474,702	208,829	683,531	30.6	170,681	91,283	261,964	945,495
2016-17	494,300	215,130	709,430	30.3	171,447	99,257	270,704	980,134
2017-18	496,865	220,171	717,036	30.7	170,914	110,463	281,377	998,413
2018-19	515,799	217,593	733,392	29.7	168,782	119,767	288,549	1,021,941
2019-20	548,540	228,366	776,906	29.4	168,596	132,429	301,025	1,077,931
2020-21	852,140	276,668	1,128,808	24.5	168,761	150,897	319,658	1,448,466
2021-22	891,883	358,074	1,249,957	28.6	167,666	167,412	335,078	1,585,035
2022-23	903,233	361,807	1,265,040	28.6	166,425	185,288	351,713	1,616,753
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
**Total liabilities, net debt and the accumulated deficit**
(millions of dollars)
Year	Interest-bearing debt	Accounts payable and accrued liabilities	Foreign exchange accounts liabilities	Derivatives	Total liabilities	Financial assets	Net debt	Non-financial assets	Accumulated deficit
1966-67	27,218	1,181	339		28,738	11,030			17,708
1967-68	28,753	1,494	791		31,038	12,288			18,750
1968-69	31,132	1,565	552		33,249	13,832			19,417
1969-70	32,381	1,710	498		34,589	15,312			19,277
1970-71	36,189	1,854	888		38,931	18,638			20,293
1971-72	39,636	2,597	1,120		43,353	21,274			22,079
1972-73	42,604	3,426	1,223		47,253	23,273			23,980
1973-74	44,019	4,639	1,360		50,018	23,827			26,191
1974-75	49,499	4,801	1,286		55,586	27,170			28,416
1975-76	55,851	5,118	1,359		62,328	27,708			34,620
1976-77	63,418	5,852	995		70,265	28,748			41,517
1977-78	75,286	6,252	1,388		82,926	30,530			52,396
1978-79	92,601	6,616	2,321		101,538	36,113			65,425
1979-80	99,916	7,154	2,573		109,643	32,251			77,392
1980-81	114,190	9,376	3,463		127,029	35,081			91,948
1981-82	130,384	11,203	3,391		144,978	37,356			107,622
1982-83	158,146	12,748	3,323		174,217	37,546			136,671

1983-84	215,083	29,890	4,303		249,276	77,420	171,856	14,604	157,252
1984-85	250,718	33,763	4,332		288,813	76,143	212,670	18,251	194,419
1985-86	284,816	34,553	5,151		324,520	75,276	249,244	21,436	227,808
1986-87	317,897	37,119	5,580		360,596	78,764	281,832	24,182	257,650
1987-88	346,524	41,487	5,815		393,826	80,851	312,975	26,308	286,667
1988-89	377,034	44,414	5,186		426,634	83,065	343,569	28,955	314,614
1989-90	401,986	47,310	5,045		454,341	79,584	374,757	31,000	343,757
1990-91	438,681	48,981	5,063		492,725	81,645	411,080	33,424	377,656
1991-92	474,072	50,176	5,400		529,648	83,919	445,729	35,754	409,975
1992-93	510,575	52,615	7,681		570,871	83,654	487,217	38,223	448,994
1993-94	548,973	58,280	8,674		615,927	88,001	527,926	40,402	487,524
1994-95	583,597	65,136	9,439		658,172	90,678	567,494	43,338	524,156
1995-96	622,974	68,276	8,434	13	699,697	101,089	598,608	44,446	554,162
1996-97	640,469	68,903	8,208	31	717,611	108,615	608,996	46,115	562,881
1997-98	635,464	75,255	7,424	82	718,225	111,068	607,157	47,235	559,922
1998-99	634,709	76,919	10,235	607	722,470	119,604	602,866	48,723	554,143
1999-00	637,407	76,683	9,526	227	723,843	133,727	590,116	50,231	539,885
2000-01	630,853	81,890	10,389	1,253	724,385	152,648	571,737	51,743	519,994
2001-02	625,005	77,126	9,442	1,292	712,865	147,553	565,312	53,366	511,946
2002-03	619,953	77,578	8,841	1,861	708,233	148,663	559,570	54,245	505,325
2003-04	619,755	79,976	9,119	1,669	710,519	159,517	551,002	54,822	496,180
2004-05	612,803	93,091	9,483	1,211	716,588	167,001	549,587	54,870	494,717
2005-06	607,822	96,941	10,783	238	715,784	178,838	536,946	55,447	481,499
2006-07	604,767	102,087	11,600	1,365	719,819	195,914	523,905	56,637	467,268
2007-08	587,677	106,070	11,356	2,207	707,310	191,029	516,281	58,644	457,637
2008-09	715,168	109,540	11,496	4,390	840,594	311,145	529,449	61,503	467,946
2009-10	776,559	115,558	16,911	50	909,078	321,600	587,478	63,375	524,103
2010-11	818,096	113,789	16,466	99	948,450	324,955	623,495	66,581	556,914
2011-12	861,386	119,494	16,311	160	997,351	337,475	659,876	67,959	591,917
2012-13	916,332	113,423	15,773	335	1,045,863	356,331	689,532	68,922	620,610
2013-14	905,894	106,586	17,651	3,180	1,033,311	336,878	696,433	70,433	626,000
2014-15	913,862	116,796	19,425	7,716	1,057,799	357,086	700,713	71,803	628,910
2015-16	945,495	120,338	29,288	9,232	1,104,353	395,744	708,609	74,169	634,440
2016-17	980,134	123,383	28,888	9,419	1,141,824	412,570	729,254	77,714	651,540
2017-18	998,413	144,157	29,914	8,786	1,181,270	428,383	752,887	81,633	671,254
2018-19	1,021,941	156,017	28,507	8,265	1,214,730	442,606	772,124	86,674	685,450
2019-20	1,077,931	160,157	28,660	11,331	1,278,079	465,188	812,891	91,531	721,360
2020-21	1,448,466	203,597	24,797	3,245	1,680,105	530,280	1,149,825	101,079	1,048,746
2021-22	1,585,035	262,529	42,252	2,471	1,892,287	647,543	1,244,744	104,769	1,139,975
2022-23	1,616,753	259,440	44,151	4,689	1,925,033	642,276	1,282,757	109,744	1,173,013
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⁽²⁾	Total marketable bonds	Treasury bills⁽¹⁾	Retail debt ⁽³⁾	Canada Pension Plan bonds	Other unma- tured debt⁽⁴⁾	Adjustment to amortized cost⁽⁵⁾	Less: government's own holdings	Total
1966-67	11,018	523	11,541	2,310	6,017	2		185	200	19,855
1967-68	11,573	318	11,891	2,480	6,096	6		203	49	20,627
1968-69	12,294	600	12,894	2,840	6,169	12		249	47	22,117
1969-70	12,279	605	12,884	2,895	6,579	16		271	107	22,538
1970-71	13,021	495	13,516	3,735	7,804	21		339	60	25,355
1971-72	13,385	493	13,878	3,830	9,712	28		428	67	27,809
1972-73	13,423	491	13,914	4,290	10,989	35		509	60	29,677
1973-74	13,592	415	14,007	4,905	10,406	43		550	64	29,847
1974-75	14,311	365	14,676	5,630	12,915	52		560	77	33,756
1975-76	15,481	337	15,818	6,495	15,517	62		632	87	38,437
1976-77	17,748	335	18,083	8,255	16,304	72		1,481	89	44,106
1977-78	21,182	1,190	22,372	11,295	18,011	84		2,044	98	53,708
1978-79	26,532	7,376	33,908	13,535	19,247	96		2,042	146	68,682
1979-80	32,947	4,860	37,807	16,325	18,081	113		1,611	305	73,632
1980-81	40,849	4,794	45,643	21,770	15,812	136		1,772	223	84,910
1981-82	43,493	5,428	48,921	19,375	24,978	154		3,700	261	96,867
1982-83	48,377	6,385	54,762	29,125	32,641	171		3,925	137	120,487

1983-84	57,036	6,086	63,122	41,700	38,204	189	1,112	3,569	314	147,582
1984-85	69,438	9,057	78,495	52,300	41,960	205	1,112	3,667	241	177,498
1985-86	81,067	13,797	94,864	61,950	44,245	445	1,112	3,371	275	205,712
1986-87	94,426	11,997	106,423	76,950	44,309	1,796	1,112	3,498	867	233,221
1987-88	103,899	11,282	115,181	81,050	53,323	2,492	1,112	3,719	1,237	255,640
1988-89	115,748	8,320	124,068	102,700	47,756	3,005	1,112	2,534	1,228	279,947
1989-90	127,682	5,675	133,357	118,550	40,929	3,072	1,112	1,825	1,346	297,499
1990-91	143,600	4,526	148,126	139,150	34,444	3,492	1,112	1,611	1,309	326,626
1991-92	158,062	3,444	161,506	152,300	35,598	3,501	1,112	2,573	1,020	355,570
1992-93	178,465	5,409	183,874	162,050	34,369	3,505	1,112	1,627	1,057	385,480
1993-94	203,445	10,668	214,113	166,000	31,331	3,497	1,112	2,536	966	417,623
1994-95	225,747	16,921	242,668	164,450	31,386	3,488	1,838	962	994	443,798
1995-96	252,766	16,809	269,575	166,100	31,428	3,478	1,885	3,048	1,034	474,480
1996-97	282,563	23,016	305,579	135,400	33,493	3,468	1,935	5,404	1,088	484,191
1997-98	294,605	27,183	321,788	112,300	30,479	3,456	1,924	5,874	1,231	474,590
1998-99	295,774	36,000	331,774	96,950	28,217	4,063	2,614	6,212	3,312	466,518
1999-00	294,441	32,588	327,029	99,850	26,899	3,552	2,601	4,837	3,112	461,656
2000-01	295,487	33,664	329,151	88,700	26,416	3,473	2,591	4,418	2,869	451,880
2001-02	294,898	27,547	322,445	94,200	24,021	3,391	2,619	3,516	3,129	447,063
2002-03	289,208	21,603	310,811	104,600	22,584	3,371	2,664	363	2,727	441,666
2003-04	278,962	20,828	299,790	113,400	21,330	3,427	2,774	-374	1,490	438,857
2004-05	266,674	16,543	283,217	127,200	19,080	3,393	2,932	-1,693	1,134	432,995
2005-06	261,872	14,333	276,205	131,600	17,342	3,102	2,927	-2,289	989	427,898
2006-07	257,909	10,617	268,526	134,100	15,175	1,743	3,096	-2,235	698	419,707
2007-08	253,802	9,716	263,518	117,000	13,068	1,042	4,236	-1,820	534	396,510
2008-09	295,322	10,649	305,971	192,500	12,532	523	4,184	-292	629	514,789
2009-10	368,013	8,298	376,311	175,900	11,855	452	4,090	-555	157	567,896
2010-11	416,411	7,681	424,092	163,000	10,141	27	3,875	122	404	600,853
2011-12	447,768	10,769	458,537	163,400	8,922	11	4,086	191	-139	635,286
2012-13	468,859	10,858	479,717	180,700	7,481		4,564	7,524	-113	680,099
2013-14	472,918	16,090	489,008	153,000	6,327		4,782	7,292	-331	660,740
2014-15	487,413	20,335	507,748	135,700	5,660		4,715	8,261	-392	662,476
2015-16	504,121	22,538	526,659	138,100	5,076		5,047	8,758	109	683,531
2016-17	535,862	17,636	553,498	136,700	4,533		5,425	8,883	-391	709,430
2017-18	575,796	16,074	591,870	110,700	2,586		5,596	7,137	853	717,036
2018-19	569,169	16,015	585,184	134,300	1,237		6,404	5,914	-353	733,392
2019-20	596,540	15,941	612,481	151,867	497		5,503	6,234	-324	776,906
2020-21	875,023	15,427	890,450	218,800	299		5,239	13,762	-258	1,128,808
2021-22	1,030,634	14,451	1,045,085	187,400			5,366	11,863	-243	1,249,957
2022-23	1,037,890	15,988	1,053,878	201,800			5,110	4,052	-200	1,265,040
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. ⁽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. ⁽⁴⁾ Includes obligations related to capital leases and obligations under public-private partnerships. ⁽⁵⁾ Includes accrued interest and unamortized premiums and discounts.

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	-29,343	14,518	-4.6	-4.2	2.1
1992-93	-39,019	-33,949	7,383	-5.4	-4.7	1.0
1993-94	-38,530	-35,184	4,915	-5.1	-4.7	0.7
1994-95	-36,632	-34,424	9,761	-4.7	-4.4	1.2
1995-96	-30,006	-30,441	18,966	-3.7	-3.7	2.3
1996-97	-8,719	-8,035	39,246	-1.0	-0.9	4.6
1997-98	2,959	2,069	45,189	0.3	0.2	5.0
1998-99	5,779	10,825	54,128	0.6	1.1	5.7
1999-00	14,258	15,036	58,420	1.4	1.5	5.8
2000-01	19,891	12,892	56,784	1.8	1.2	5.3
2001-02	8,048	7,272	46,923	0.7	0.6	4.1
2002-03	6,621	9,827	47,097	0.5	0.8	3.9
2003-04	9,145	12,391	48,160	0.7	1.0	3.8
2004-05	1,463	8,478	42,596	0.1	0.6	3.2
2005-06	13,218	8,502	42,274	0.9	0.6	3.0
2006-07	13,752	8,454	42,399	0.9	0.6	2.9
2007-08	9,597	3,554	36,879	0.6	0.2	2.4
2008-09	-9,116	-12,261	16,008	-0.6	-0.8	1.0
2009-10	-56,368	-11,594	14,968	-3.4	-0.7	0.9
2010-11	-34,953	-19,823	8,787	-2.1	-1.2	0.5
2011-12	-28,033	-25,923	3,115	-1.6	-1.5	0.2
2012-13	-21,293	-19,874	5,659	-1.2	-1.1	0.3
2013-14	-8,050	-9,051	15,678	-0.4	-0.5	0.8
2014-15	-550	-7,059	17,148	0.0	-0.4	0.9
2015-16	-2,861	2,575	24,412	-0.1	0.1	1.2
2016-17	-18,957	-8,650	12,582	-0.9	-0.4	0.6
2017-18	-18,961	-22,101	-212	-0.9	-1.0	0.0
2018-19	-13,964	-21,594	1,672	-0.6	-1.0	0.1
2019-20	-39,392	-38,725	-14,278	-1.7	-1.7	-0.6
2020-21	-327,729	-48,310	-27,952	-14.0	-2.1	-1.2
2021-22	-90,315	-22,947	1,540	-3.6	-0.9	0.1
2022-23	-35,322	-45,269	-10,314	-1.3	-1.7	-0.4
Sources: Statistics Canada, Public Accounts of Canada; Department of Finance calculations. ⁽¹⁾ For some years, temporary counter-cyclical fiscal measures (e.g. temporary stimulus measures in response to the 2008-2009 global recession and the COVID-19 pandemic), as well as one-off fiscal operations (e.g. related to sales tax harmonization, Alberta flood costs), are included in the cyclical component of the budgetary balance and therefore excluded from the cyclically adjusted budgetary balance.

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Date modified:: 2023-10-24