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4.5.3 Public sector finances

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Question 7

Figure 1: Canada federal government net debt as a percentage of GDP

YearNet debt (% of GDP)
200538.0
200732.5
200934.0
201138.2
201338.9
201541.5
201740.1
201939.4
202148.5
202342.2

Figure 2: Canada federal fiscal balance (CAD $ billion)

(Note: negative values represent a deficit, positive values represent a surplus)

YearFiscal Balance (CAD $ billion)
2005+1.5
2007+9.6
2009-5.6
2011-26.3
2013-18.4
2015-2.9
2017-19.0
2019-14.0
2021-327.7
2023-35.3

With reference to Figures 1 and 2 and your own economic knowledge, examine the relationship between Canada’s federal government net debt as a percentage of GDP and the federal fiscal balance.

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4.5.3 Public sector finances Questions

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