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Archived - Fiscal Reference Tables
October 2001 : 8

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Table 46
Actual, cyclically adjusted and primary-cyclically adjusted budget balances as a percentage of gross domestic product at market prices(1) (per cent of GDP)
National Economic and Financial Accounts
Federal government Total government
 
Year Actual Cyclically adjusted Primary-cyclically adjusted Actual Cyclically adjusted Primary-cyclically adjusted
1970 -0.5 -0.6 1.0 -0.4 -0.5 1.4
1971 -0.9 -1.0 0.3 -1.0 -1.1 0.7
1972 -1.2 -1.4 0.0 -1.0 -1.3 0.5
1973 -0.1 -1.0 0.4 0.6 -0.6 1.1
1974 0.0 -0.6 0.7 1.1 0.2 1.6
1975 -3.0 -3.1 -1.6 -3.5 -3.6 -2.0
1976 -2.4 -2.8 -1.2 -2.8 -3.3 -1.5
1977 -4.3 -4.6 -3.0 -4.1 -4.6 -2.7
1978 -5.5 -5.9 -3.9 -4.8 -5.3 -3.1
1979 -4.0 -4.5 -2.2 -3.4 -4.1 -1.8
1980 -4.0 -4.0 -1.5 -4.1 -4.1 -1.6
1981 -2.8 -2.7 0.5 -2.8 -2.7 0.4
1982 -5.6 -4.1 -0.3 -7.0 -4.8 -1.0
1983 -6.8 -5.4 -1.7 -8.2 -6.1 -2.2
1984 -7.5 -6.9 -2.8 -7.8 -7.0 -2.4
1985 -7.8 -7.8 -3.2 -8.6 -8.6 -3.5
1986 -5.6 -5.8 -1.1 -7.1 -7.3 -2.0
1987 -4.6 -5.3 -0.7 -5.4 -6.4 -1.1
1988 -4.3 -5.5 -0.6 -4.3 -6.1 -0.6
1989 -4.2 -5.3 0.1 -4.6 -6.3 -0.3
1990 -4.9 -5.3 0.6 -5.8 -6.4 0.2
1991 -5.4 -4.5 1.2 -8.3 -7.0 -0.5
1992 -5.1 -3.9 1.5 -9.1 -7.2 -0.8
1993 -5.4 -4.4 0.8 -8.7 -7.0 -0.6
1994 -4.5 -4.1 0.9 -6.7 -6.0 0.5
1995 -3.9 -3.5 2.0 -5.3 -4.6 2.4
1996 -2.0 -1.3 3.9 -2.8 -1.7 5.0
1997 0.7 1.1 5.8 0.2 0.8 6.9
1998 1.0 1.3 5.8 0.5 1.0 7.0
1999 0.9 0.9 5.1 1.6 1.6 7.3
2000 1.8 1.7 5.7 3.2 3.0 8.3
Source: Statistics Canada, National Economic and Financial Accounts (13-001); Department of Finance.
(1) GDP at factor cost was previously used. However, following several changes made by Statistics Canada with the first quarter release of 2001, the GDP at factor cost measure will not be available for some time.

 

Table 47
Change in actual, cyclically adjusted and primary-cyclically adjusted budget balances as a percentage of gross domestic product at market prices(1) (per cent of GDP)
 National Economic and Financial Accounts
Federal government Total government
 
Year Actual Cyclically adjusted Primary-cyclically adjusted Actual Cyclically adjusted Primary-cyclically adjusted
1971 -0.48 -0.41 -0.64 -0.65 -0.60 -0.75
1972 -0.22 -0.40 -0.35 0.04 -0.21 -0.18
1973 1.06 0.46 0.37 1.57 0.73 0.64
1974 0.12 0.32 0.30 0.50 0.76 0.48
1975 -3.02 -2.43 -2.26 -4.63 -3.80 -3.65
1976 0.59 0.28 0.40 0.75 0.32 0.53
1977 -1.88 -1.85 -1.80 -1.31 -1.28 -1.23
1978 -1.22 -1.23 -0.93 -0.67 -0.69 -0.34
1979 1.53 1.40 1.75 1.36 1.15 1.27
1980 0.00 0.42 0.71 -0.65 -0.02 0.18
1981 1.21 1.37 2.00 1.23 1.47 2.00
1982 -2.84 -1.45 -0.82 -4.19 -2.09 -1.36
1983 -1.16 -1.27 -1.38 -1.14 -1.32 -1.20
1984 -0.71 -1.56 -1.08 0.40 -0.89 -0.25
1985 -0.33 -0.90 -0.43 -0.81 -1.67 -1.10
1986 2.17 2.07 2.13 1.44 1.29 1.50
1987 0.99 0.44 0.36 1.72 0.90 0.97
1988 0.36 -0.17 0.07 1.08 0.29 0.42
1989 0.08 0.18 0.71 -0.26 -0.11 0.40
1990 -0.69 0.03 0.51 -1.23 -0.19 0.40
1991 -0.53 0.79 0.62 -2.52 -0.51 -0.63
1992 0.32 0.66 0.31 -0.77 -0.27 -0.28
1993 -0.35 -0.50 -0.73 0.42 0.22 0.19
1994 0.90 0.27 0.11 2.00 1.04 1.08
1995 0.64 0.63 1.11 1.37 1.37 1.87
1996 1.88 2.13 1.86 2.52 2.94 2.65
1997 2.75 2.46 1.92 2.98 2.49 1.88
1998 0.25 0.16 0.06 0.29 0.14 0.07
1999 -0.13 -0.43 -0.77 1.14 0.65 0.27
2000 0.98 0.86 0.58 1.61 1.41 1.02
Source: Statistics Canada, National Economic and Financial Accounts (13-001); Department of Finance.
Note: A positive sign indicates a move towards smaller deficits or larger surpluses; a negative sign indicates a move towards larger deficits or smaller surpluses.
(1) GDP at factor cost was previously used. However, following several changes made by Statistics Canada with the first quarter release of 2001, the GDP at factor cost measure will not be available for some time.

 

Table 48
Federal government liabilities and assets (millions of dollars)
 National Accounts Basis
  1993 1994 1995 1996 1997 1998 1999 2000
Liabilities                
   Currency and bank deposits 2,578 2,555 2,627 3,237 3,342 3,426 3,583 3,735
   Trade payables 497 636 850 461 290 274 498 692
   Loans 17 0 0 0 104 71 103 103
   Life insurance and pensions 95,049 102,074 109,461 116,696 122,537 126,778 132,317 136,115
   Claims by associated enterprises 5,647 7,888 7,809 7,604 7,691 7,535 8,892 9,114
   Other liabilities 36,074 34,590 41,156 41,859 45,526 45,200 48,592 44,176
      Canada short-term paper 172,479 165,199 164,230 142,128 116,782 97,253 98,203 84,362
      Canada bonds 236,552 271,078 297,160 330,359 348,389 360,273 359,966 355,308
   Unmatured debt 409,031 436,277 461,390 472,487 465,171 457,526 458,169 439,670
   Total liabilities 548,893 584,020 623,293 642,344 644,661 640,810 652,154 633,605
               
Financial assets                
   Currency and deposits 4,059 4,175 8,240 5,780 9,074 8,240 13,929 7,422
   Trade receivables 21 26 17 26 24 24 46 14
   Loans 6,800 7,918 9,390 10,721 13,291 12,759 12,254 13,582
   Canada short-term paper 70 0 2 1 0 0 1 0
   Other short-term paper 20 14 4 24 36 2 2 207
   Mortgages 2,787 1,959 812 884 274 260 203 306
   Bonds                
      Canada bonds 87 104 105 103 83 587 2,796 2,552
      Provincial government 14 6 8 5 5 5 116 176
      Municipal bonds 2 2 0 0 0 0 0 0
      Other 26 38 29 5 0 0 248 426
   Claims on associated enterprises 31,186 32,648 28,425 39,964 39,141 48,986 54,338 65,237
   Stocks 283 219 1,405 1,418 1,466 1,403 1,400 1,238
   Foreign investments 25 29 28 26 0 0 0 0
   Other financial assets 13,632 11,103 11,654 9,707 11,312 6,801 8,961 4,947
   Total financial assets 59,012 58,241 60,119 68,664 74,706 79,067 94,294 96,107
Net financial assets -489,881 -525,779 -563,174 -573,680 -569,955 -561,743 -557,860 -537,498
               
Non-financial assets                
   Non-residential structures 26,067 26,938 27,634 28,596 29,286 29,678 30,189 31,478
   Machinery and equipment 8,990 9,489 9,494 8,861 8,867 8,682 8,635 9,593
   Inventories 366 337 361 362 373 347 408 409
   Land 6,582 6,842 7,088 7,349 7,541 7,657 7,819 8,184
   Total non-financial assets 42,005 43,606 44,577 45,168 46,067 46,364 47,051 49,664
   Total assets 101,017 101,847 104,696 113,832 120,773 125,431 141,345 145,771
               
Net worth -447,876 -482,173 -518,597 -528,512 -523,888 -515,379 -510,809 -487,834
Source: Statistics Canada, National Balance Sheet Accounts (13-214).

 

Table 49
Provincial and local governments' and hospitals' liabilities and assets (millions of dollars)
 National Accounts Basis
1993 1994 1995 1996 1997 1998 1999 2000
Liabilities                
   Other deposits 2,066 2,101 2,213 2,170 2,149 2,444 2,667 2,549
   Trade payables 13,708 12,838 15,280 15,509 17,310 17,273 18,195 18,402
   Loans 11,328 11,608 12,516 11,548 12,207 12,551 12,747 13,717
   Other short-term paper 20,632 19,766 18,172 16,946 14,762 12,853 17,304 16,275
   Mortgages 2,973 2,815 3,090 3,418 3,726 3,989 4,034 4,047
   Bonds:                
      Provincial 222,949 247,091 260,468 265,528 271,618 284,561 291,955 293,288
      Municipal 37,250 38,619 38,383 39,640 39,240 35,550 33,722 32,667
      Other 1,505 1,526 1,440 1,329 1,374 1,678 1,693 1,708
   Life insurance and pensions 21,185 22,768 24,421 26,256 41,229 42,777 44,255 46,693
   Claims of associated enterprises 1,709 1,376 1,494 1,564 2,023 2,223 10,730 9,880
   Other liabilities 53,591 62,806 78,268 85,118 87,664 88,802 90,630 94,572
   Total liabilities 388,896 423,314 455,745 469,026 493,302 504,701 527,932 533,798
               
Financial assets                
   Currency and deposits 11,099 10,927 11,024 13,052 12,666 13,023 13,878 13,906
   Trade receivables 5,457 5,440 5,499 5,202 5,298 5,292 5,348 5,379
   Loans 7,513 9,200 8,257 8,965 9,047 8,524 8,982 9,131
   Canada short- term paper 7,081 10,631 10,601 6,263 4,354 1,700 3,190 2,415
   Other short-term paper 11,698 11,646 12,880 14,875 17,473 18,656 23,141 23,403
   Mortgages 5,369 4,797 4,608 4,388 4,351 4,369 4,509 4,485
   Bonds and Treasury bills                
      Federal government 7,665 10,747 12,141 14,997 17,539 17,342 18,940 18,928
      Provincial government 25,895 28,382 29,082 32,582 29,474 27,280 26,285 26,392
      Municipal bonds 12,455 12,848 12,883 13,411 13,041 7,626 3,407 3,734
      Other 3,388 3,850 3,884 3,882 4,771 5,153 7,222 7,487
   Claims on associated enterprises 62,059 62,918 65,155 65,485 60,479 61,062 76,931 70,724
   Stocks 9,587 12,591 16,704 22,528 28,116 33,994 35,673 36,479
   Foreign investments 1,208 1,267 1,632 1,795 3,389 4,132 4,497 4,575
   Other financial assets 39,211 36,145 50,056 44,919 56,894 64,229 71,767 83,545
   Total financial assets 209,685 221,389 244,406 252,344 266,892 272,382 303,770 310,583
Net financial assets -179,211 -201,925 -211,339 -216,682 -226,410 -232,319 -224,162 -223,215
               
Non-financial assets                
   Residential structures 7,242 7,481 7,756 7,985 8,230 8,619 8,977 9,119
   Non-residential structures 221,498 229,674 241,075 253,604 262,027 266,189 272,546 282,948
   Machinery and equipment 13,781 14,482 14,410 13,681 14,248 14,535 14,827 16,316
   Land 59,252 61,837 65,396 68,865 71,282 72,676 74,799 77,898
   Total non-financial assets 301,773 313,474 328,637 344,135 355,787 362,019 371,149 386,281
   Total assets 511,458 534,863 573,043 596,479 622,679 634,401 674,919 696,864
               
Net worth 122,562 111,549 117,298 127,453 129,377 129,700 146,987 163,066
Source: Statistics Canada, National Balance Sheet Accounts (13-214).

 

Table 50
Canada Pension Plan liabilities and assets (millions of dollars)
 National Accounts Basis
1993 1994 1995 1996 1997 1998 1999 2000
Liabilities                
   Total liabilities 0 0 0 0 0 0 0 1
               
Financial assets                
   Bonds:                
      Government of Canada 3,494 3,485 3,475 3,464 3,453 3,441 3,424 3,401
      Provincial government 34,595 33,523 32,207 30,748 29,189 27,584 26,892 26,399
   Claims on associated enterprises 3,220 3,114 3,348 3,326 3,618 4,248 5,541 5,766
   Other financial assets 836 974 1,683 1,900 1,397 2,074 2,488 6,393
   Total financial assets 42,145 41,096 40,713 39,438 37,657 37,347 38,345 41,959
Net financial assets 42,145 41,096 40,713 39,438 37,657 37,347 38,345 41,958
               
Total assets 42,145 41,096 40,713 39,438 37,657 37,347 38,345 41,959
               
Net worth 42,145 41,096 40,713 39,438 37,657 37,347 38,345 41,958
Source: Statistics Canada, National Balance Sheet Accounts (13-214).

 

Table 51
Quebec Pension Plan liabilities and assets (millions of dollars)
 National Accounts Basis
1993 1994 1995 1996 1997 1998 1999 2000
Liabilities                
   Total liabilities 0 0 0 0 0 0 0 1
               
Financial assets                
   Claims on associated enterprises 14,561 14,016 13,803 13,738 14,112 12,890 13,128 18,350
   Other financial assets 35 19 77 132 249 278 309 179
   Total financial assets 14,596 14,035 13,880 13,870 14,361 13,168 13,437 18,529
Net financial assets 14,596 14,035 13,880 13,870 14,361 13,168 13,437 18,528
               
Total assets 14,596 14,035 13,880 13,870 14,361 13,168 13,437 18,529
               
Net worth 14,596 14,035 13,880 13,870 14,361 13,168 13,437 18,528
Source: Statistics Canada, National Balance Sheet Accounts (13-214).

 

Table 52
Total government liabilities and assets (millions of dollars)
 National Accounts Basis
1993 1994 1995 1996 1997 1998 1999 2000
Liabilities                
   Currency and bank deposits 2,578 2,555 2,627 3,237 3,342 3,426 3,583 3,735
   Other deposits 2,066 2,101 2,213 2,170 2,149 2,444 2,667 2,549
   Trade payables 14,205 13,474 16,130 15,970 17,600 17,547 18,693 19,094
   Loans 11,345 11,608 12,516 11,548 12,311 12,622 12,850 13,820
   Canada short-term paper 172,479 165,199 164,230 142,128 116,782 97,253 98,203 84,362
   Other short-term paper 20,632 19,766 18,172 16,946 14,762 12,853 17,304 16,275
   Mortgages 2,973 2,815 3,090 3,418 3,726 3,989 4,034 4,047
   Canada bonds 236,552 271,078 297,160 330,359 348,389 360,273 359,966 355,308
   Provincial bonds 222,949 247,091 260,468 265,528 271,618 284,561 291,955 293,288
   Municipal bonds 37,250 38,619 38,383 39,640 39,240 35,550 33,722 32,667
   Other Bonds 1,505 1,526 1,440 1,329 1,374 1,678 1,693 1,708
   Life insurance and pensions 116,234 124,842 133,882 142,952 163,766 169,555 176,572 182,808
   Claims by associated enterprises 7,356 9,264 9,303 9,168 9,714 9,758 19,622 18,994
   Other liabilities 89,665 97,396 119,424 126,977 133,190 134,002 139,222 138,748
   Total liabilities 937,789 1,007,334 1,079,038 1,111,370 1,137,963 1,145,511 1,180,086 1,167,403
               
Financial assets                
   Currency and deposits 15,158 15,102 19,264 18,832 21,740 21,263 27,807 21,328
   Trade receivables 5,478 5,466 5,516 5,228 5,322 5,316 5,394 5,393
   Loans 14,313 17,118 17,647 19,686 22,338 21,283 21,236 22,713
   Canada short-term paper 7,151 10,631 10,603 6,264 4,354 1,700 3,191 2,415
   Other short-term paper 11,718 11,660 12,884 14,899 17,509 18,658 23,143 23,610
   Mortgages 8,156 6,756 5,420 5,272 4,625 4,629 4,712 4,791
   Canada bonds 11,246 14,336 15,721 18,564 21,075 21,370 25,160 24,881
   Provincial government 60,504 61,911 61,297 63,335 58,668 54,869 53,293 52,967
   Municipal bonds 12,457 12,850 12,883 13,411 13,041 7,626 3,407 3,734
   Other 3,414 3,888 3,913 3,887 4,771 5,153 7,470 7,913
   Claims on associated enterprises 111,026 112,696 110,731 122,513 117,350 127,186 149,938 160,077
   Stocks 9,870 12,810 18,109 23,946 29,582 35,397 37,073 37,717
   Foreign investments 1,233 1,296 1,660 1,821 3,389 4,132 4,497 4,575
   Other financial assets 53,714 48,241 63,470 56,658 69,852 73,382 83,525 95,064
   Total financial assets 325,438 334,761 359,118 374,316 393,616 401,964 449,846 467,178
Net financial assets -612,351 -672,573 -719,920 -737,054 -744,347 -743,547 -730,240 -700,225
               
Non-financial assets                
   Residential structures 7,242 7,481 7,756 7,985 8,230 8,619 8,977 9,119
   Non-residential structures 247,565 256,612 268,709 282,200 291,313 295,867 302,735 314,426
   Machinery and equipment 22,771 23,971 23,904 22,542 23,115 23,217 23,462 25,909
   Inventories 366 337 361 362 373 347 408 409
   Land 65,834 68,679 72,484 76,214 78,823 80,333 82,618 86,082
   Total non-financial assets 343,778 357,080 373,214 389,303 401,854 408,383 418,200 435,945
   Total assets 669,216 691,841 732,332 763,619 795,470 810,347 868,046 903,123
               
Net worth -268,573 -315,493 -346,706 -347,751 -342,493 -335,164 -312,040 -264,280
Source: Statistics Canada, National Balance Sheet Accounts (13-214).
Note: Data in this table include Canada and Quebec Pension Plan liabilities and assets.

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Date Modified: 2000-01-01

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