1. Slide Deck D: 2018 Federal Budget Breakdown

2. The Federal Government’s Budget
Every February or March, the federal government releases its budget for the next year.
The 2018 Budget was presented on February 27, 2018.
Every year the federal government also releases an update on the budget numbers in the fall.
The Government of Canada’s Fall Economic Statement will be released on November 21, 2018.

3. 2018 Expenditures & Revenue
The 2018 federal budget projected expenditures for to be $338.5 billion.
The federal budget projected the amount of revenue for to be $323.4 billion.

4. Surplus or Deficit?
Based on the project 2018 revenues and expenditures, will the Government of Canada have a surplus or a deficit?

5. The deficit and our debt
In the February 2018 budget, the federal government was projecting a deficit of $15.1 billion for this fiscal year.
To cover this gap, the federal government will borrow money and this amount will be added to the government’s debt.
The federal government’s debt is currently estimated to be $669.6 billion.

6. Breakdown of Expenditures

7. Breakdown of Revenue Sources