Budget Analysis Canada: Budget 2019

Economic conditions have been generally favourable in the last few months for Canadian public finances. Strong job growth and the upward trend in salaries led to a faster increase in budgetary revenues. After an exceptional increase of 6.0 % in 2017–2018, budgetary revenues continued their momentum in 2018–2019, with an increase of 6.7 %. According to the Department of Finance Canada, positive developments in economic conditions since last fall’s statement helped reduce the budget deficit by $5.9 B for 2018–2019 and by just over $4 B, on average, for each subsequent year.