1. PowerPoint D: 2016 Federal Budget Projections

2. The Federal Government’s Budget
Every February or March, the federal government releases its budget for the next year.
The 2016 Budget was presented on March 22, 2016.
Every year the federal government also releases an update on the budget numbers in the fall.
The Government of Canada’s Fall Economic Statement was released on November 1, 2016.

3. 2016 Expenditures
The 2016 federal budget projected expenditures for to be $317.1 billion.
In the fall economic statement, the projected expenditures were decreased to $316.1 billion.

4. 2016 Revenue
The federal budget projected the amount of revenue for to be $287.7 billion.
In the fall economic statement, revenue projections were increased to $291.1 billion.
Question: Will the Government of Canada have a surplus or a deficit?

5. The deficit and our debt
In the March budget, the federal government was projecting a deficit of $29.4 billion for this fiscal year.
In the fall economic statement, the deficit was decreased to $25.1 billion.
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 $642 billion.

6. Breakdown of Expenditures

7. Breakdown of Revenue Sources