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Archived - Fiscal Reference Tables
October 2002 : 8

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Table 45
Actual, cyclically adjusted and primary-cyclically adjusted budget balances (millions of dollars)
*National Income and Expenditure Accounts*

	Federal government			Total government
Year	Actual	Cyclically adjusted	Primary- cyclically adjusted	Actual	Cyclically adjusted	Primary- cyclically adjusted
1970	-421	-544	872	-325	-463	1,297
1971	-931	-993	331	-1,000	-1,088	684
1972	-1,284	-1,539	-7	-1,070	-1,425	581
1973	-140	-1,176	505	772	-689	1,553
1974	25	-910	1,073	1,691	362	2,607
1975	-5,215	-5,241	-2,708	-6,143	-6,180	-3,392
1976	-4,835	-5,492	-2,347	-5,567	-6,499	-2,880
1977	-9,505	-10,219	-6,646	-9,054	-10,105	-5,990
1978	-13,526	-14,442	-9,751	-11,686	-13,049	-7,625
1979	-11,162	-12,628	-6,272	-9,541	-11,747	-5,243
1980	-12,545	-12,922	-4,866	-12,787	-13,356	-5,430
1981	-10,001	-9,636	1,894	-10,195	-9,635	1,367
1982	-21,341	-15,589	-1,075	-26,693	-18,004	-3,617
1983	-27,880	-22,220	-6,943	-33,613	-25,080	-9,009
1984	-33,677	-31,407	-12,517	-34,957	-31,529	-11,097
1985	-37,998	-38,401	-15,738	-41,711	-42,319	-17,509
1986	-28,933	-29,559	-5,345	-36,605	-37,525	-10,258
1987	-25,990	-29,357	-3,410	-30,307	-35,299	-5,172
1988	-26,292	-33,518	-3,595	-26,572	-37,292	-3,499
1989	-27,697	-34,895	714	-30,235	-40,916	-1,346
1990	-33,309	-36,155	3,976	-39,633	-43,956	1,004
1991	-37,214	-31,272	8,038	-57,257	-48,210	-3,708
1992	-35,787	-27,513	10,285	-63,928	-51,418	-5,998
1993	-39,696	-32,137	5,380	-63,354	-51,698	-4,803
1994	-35,088	-32,306	6,200	-51,684	-47,273	2,720
1995	-31,700	-28,899	15,482	-43,181	-38,625	17,998
1996	-16,957	-11,840	31,847	-23,421	-14,973	41,132
1997	6,476	9,823	51,096	1,640	7,107	60,857
1998	7,676	10,144	52,108	765	4,817	60,081
1999	8,151	7,282	48,647	17,040	15,600	69,942
2000	17,750	15,666	58,137	32,619	29,161	84,151
2001	11,244	14,548	53,473	19,410	24,951	76,839
Source: Statistics Canada, Sector accounts (Table 380-0007), Government of Canada budgetary revenues and expenditures (Table 183-0014); Department of Finance.

Table 46
Actual, cyclically adjusted and primary-cyclically adjusted budget balances as a percentage of gross domestic product at market prices (per cent of GDP)
*National Income and Expenditure 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	-0.9	0.4	0.6	-0.5	1.2
1974	0.0	-0.6	0.7	1.1	0.2	1.7
1975	-3.0	-3.0	-1.6	-3.5	-3.6	-2.0
1976	-2.4	-2.7	-1.2	-2.8	-3.2	-1.4
1977	-4.3	-4.6	-3.0	-4.1	-4.6	-2.7
1978	-5.5	-5.9	-4.0	-4.8	-5.3	-3.1
1979	-4.0	-4.5	-2.2	-3.4	-4.2	-1.9
1980	-4.0	-4.1	-1.5	-4.1	-4.2	-1.7
1981	-2.8	-2.7	0.5	-2.8	-2.7	0.4
1982	-5.6	-4.1	-0.3	-7.0	-4.7	-1.0
1983	-6.8	-5.4	-1.7	-8.2	-6.1	-2.2
1984	-7.5	-7.0	-2.8	-7.8	-7.0	-2.5
1985	-7.8	-7.9	-3.2	-8.6	-8.7	-3.6
1986	-5.6	-5.8	-1.0	-7.1	-7.3	-2.0
1987	-4.6	-5.3	-0.6	-5.4	-6.3	-0.9
1988	-4.3	-5.5	-0.6	-4.3	-6.1	-0.6
1989	-4.2	-5.3	0.1	-4.6	-6.2	-0.2
1990	-4.9	-5.3	0.6	-5.8	-6.5	0.1
1991	-5.4	-4.6	1.2	-8.4	-7.0	-0.5
1992	-5.1	-3.9	1.5	-9.1	-7.3	-0.9
1993	-5.5	-4.4	0.7	-8.7	-7.1	-0.7
1994	-4.6	-4.2	0.8	-6.7	-6.1	0.4
1995	-3.9	-3.6	1.9	-5.3	-4.8	2.2
1996	-2.0	-1.4	3.8	-2.8	-1.8	4.9
1997	0.7	1.1	5.8	0.2	0.8	6.9
1998	0.8	1.1	5.7	0.1	0.5	6.6
1999	0.8	0.7	5.0	1.7	1.6	7.1
2000	1.7	1.5	5.5	3.1	2.7	7.9
2001	1.0	1.3	4.9	1.8	2.3	7.0
Source: Statistics Canada, Sector accounts (Table 380-0007), Government of Canada budgetary revenues and expenditures (Table 183-0014), Gross Domestic Product (GDP), income-based (Table 380-0001); Department of Finance.

Table 47
Change in actual, cyclically adjusted and primary-cyclically adjusted budget balances as a percentage of gross domestic product at market prices (per cent of GDP)
*National Income and Expenditure Accounts*

	Federal government			Total government
Year	Actual	Cyclically adjusted	Primary- cyclically adjusted	Actual	Cyclically adjusted	Primary- cyclically adjusted
1971	-0.48	-0.41	-0.63	-0.65	-0.59	-0.74
1972	-0.22	-0.39	-0.34	0.04	-0.19	-0.17
1973	1.06	0.49	0.40	1.57	0.76	0.67
1974	0.12	0.32	0.30	0.50	0.77	0.49
1975	-3.02	-2.42	-2.25	-4.63	-3.79	-3.64
1976	0.59	0.27	0.39	0.75	0.31	0.51
1977	-1.88	-1.87	-1.83	-1.31	-1.32	-1.27
1978	-1.22	-1.27	-0.97	-0.67	-0.75	-0.40
1979	1.53	1.38	1.73	1.36	1.12	1.24
1980	0.00	0.41	0.69	-0.65	-0.05	0.15
1981	1.21	1.43	2.07	1.23	1.56	2.10
1982	-2.84	-1.43	-0.81	-4.20	-2.07	-1.33
1983	-1.16	-1.30	-1.40	-1.14	-1.36	-1.24
1984	-0.71	-1.58	-1.10	0.40	-0.92	-0.28
1985	-0.33	-0.92	-0.46	-0.81	-1.70	-1.14
1986	2.18	2.14	2.20	1.45	1.39	1.60
1987	1.00	0.51	0.43	1.72	1.01	1.08
1988	0.36	-0.21	0.02	1.09	0.23	0.35
1989	0.08	0.16	0.69	-0.26	-0.14	0.37
1990	-0.69	-0.01	0.48	-1.23	-0.24	0.35
1991	-0.53	0.75	0.59	-2.53	-0.57	-0.69
1992	0.32	0.64	0.30	-0.77	-0.31	-0.32
1993	-0.35	-0.49	-0.73	0.41	0.23	0.20
1994	0.91	0.23	0.06	2.01	0.98	1.01
1995	0.64	0.62	1.11	1.38	1.37	1.87
1996	1.89	2.15	1.90	2.53	2.98	2.69
1997	2.76	2.53	1.98	2.98	2.59	1.98
1998	0.11	0.00	-0.09	-0.10	-0.28	-0.33
1999	-0.01	-0.37	-0.73	1.65	1.06	0.57
2000	0.84	0.73	0.50	1.32	1.15	0.77
2001	-0.64	-0.14	-0.56	-1.29	-0.45	-0.87
Source: Statistics Canada, Sector accounts (Table 380-0007), Government of Canada budgetary revenues and expenditures (Table 183-0014), Gross Domestic Product (GDP), income-based (Table 380-0001); 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.

Table 48
Federal government liabilities and assets (millions of dollars)
*National Accounts Basis*
	1994	1995	1996	1997	1998	1999	2000	2001
Liabilities
Currency and bank deposits	2,555	2,627	3,237	3,342	3,426	3,583	3,735	3,901
Trade payables	636	850	461	290	274	641	738	560
Loans	0	0	0	104	71	103	103	103
Life insurance and pensions	102,074	109,461	116,696	122,537	126,778	132,317	136,115	125,857
Claims by associated enterprises	7,787	7,707	7,502	7,588	7,433	8,724	8,991	7,829
Other liabilities	34,590	41,156	41,859	40,179	38,364	41,429	34,170	53,744
Canada short-term paper	165,199	164,230	142,128	116,782	97,253	98,203	84,362	99,729
Canada bonds	271,078	297,160	330,359	348,389	360,273	359,966	355,308	339,262
Unmatured debt	436,277	461,390	472,487	465,171	457,526	458,169	439,670	438,991
Total liabilities	583,919	623,191	642,242	639,211	633,872	644,966	623,522	630,985
Financial assets
Currency and deposits	4,175	8,240	5,780	9,074	8,461	14,698	7,790	9,055
Trade receivables	26	17	26	24	40	21	18	22
Loans	7,918	9,390	10,721	11,116	12,234	11,403	12,782	14,334
Canada short-term paper	0	2	1	0	27	60	365	365
Other short-term paper	14	4	24	36	2	249	83	83
Mortgages	1,959	812	884	274	394	381	533	554
Bonds
Canada bonds	104	105	103	83	3,241	2,829	2,775	3,767
Provincial government	6	8	5	5	171	223	297	297
Municipal bonds	2	0	0	0	0	0	0	0
Other	38	29	5	0	249	409	659	728
Claims on associated enterprises	32,648	28,425	39,964	39,141	49,072	54,549	66,703	75,981
Stocks	219	1,405	1,418	1,466	1,280	1,238	1,229	1,226
Foreign investments	29	28	26	0	0	0	0	0
Other financial assets	11,103	11,654	9,707	10,283	3,989	6,164	962	13,039
Total financial assets	58,241	60,119	68,664	71,502	79,160	92,224	94,196	119,451
Net financial assets	-525,678	-563,072	-573,578	-567,709	-554,712	-552,742	-529,326	-511,534
Non-financial assets
Non-residential structures	31,535	32,228	33,457	34,229	34,584	34,959	35,824	36,353
Machinery and equipment	11,935	12,230	11,516	11,803	11,644	11,133	10,904	11,138
Inventories	337	361	362	373	347	408	409	411
Land	8,010	8,266	8,598	8,814	8,923	9,054	9,314	9,452
Total non-financial assets	51,817	53,085	53,933	55,219	55,498	55,554	56,451	57,354
Total assets	110,058	113,204	122,597	126,721	134,658	147,778	150,647	176,805
Net worth	-473,861	-509,987	-519,645	-512,490	-499,214	-497,188	-472,875	-454,180
Source: Statistics Canada, National Balance Sheet Accounts (Table 378-0004).

Table 49
Provincial and local governments' liabilities and assets (millions of dollars)
*National Accounts Basis*
	1994	1995	1996	1997	1998	1999	2000	2001
Liabilities
Other deposits	2,101	2,213	2,170	2,149	2,444	2,665	2,592	2,532
Trade payables	12,838	15,280	15,509	17,311	17,274	18,203	17,461	16,549
Loans	11,608	12,516	11,548	12,169	12,980	13,017	14,197	13,725
Other short-term paper	19,766	18,172	16,946	14,762	12,853	17,342	16,737	17,951
Mortgages	2,815	3,090	3,418	3,726	3,989	3,992	3,932	3,918
Bonds:
Provincial	247,091	260,468	265,528	271,618	279,296	291,534	291,135	298,358
Municipal	38,619	38,383	39,640	39,240	35,550	33,722	34,770	34,623
Other	1,526	1,440	1,329	1,375	1,679	1,694	1,722	1,731
Life insurance and pensions	22,768	24,421	26,256	41,229	42,777	43,866	46,323	48,244
Claims of associated enterprises	1,376	1,494	1,564	2,023	2,223	10,730	9,816	18,580
Other liabilities	62,806	78,268	85,118	100,692	101,150	109,221	115,169	107,957
Total liabilities	423,314	455,745	469,026	506,294	512,215	545,986	553,854	564,168
Financial assets
Currency and deposits	10,927	11,024	13,052	12,642	12,929	13,848	14,803	14,462
Trade receivables	5,440	5,499	5,202	5,299	5,293	5,349	5,510	5,625
Loans	9,200	8,257	8,965	8,791	7,888	8,010	10,325	11,671
Canada short- term paper	10,631	10,601	6,263	3,803	3,551	3,437	4,743	6,473
Other short-term paper	11,646	12,880	14,875	16,790	18,783	22,292	23,755	19,924
Mortgages	4,797	4,608	4,388	4,501	5,023	5,609	5,751	5,764
Bonds and Treasury bills
Federal government	10,747	12,141	14,997	18,170	17,914	18,640	18,991	20,344
Provincial government	28,382	29,082	32,582	29,274	27,120	27,891	28,577	29,860
Municipal bonds	12,848	12,883	13,411	13,229	8,262	3,861	4,359	3,998
Other	3,850	3,884	3,882	6,015	7,423	9,390	10,895	11,916
Claims on associated enterprises	62,918	65,155	65,485	60,371	53,752	75,390	69,462	73,800
Stocks	12,591	16,704	22,528	31,062	33,936	42,818	46,949	49,199
Foreign investments	1,267	1,632	1,795	3,389	4,132	3,709	4,085	4,277
Other financial assets	36,145	50,056	44,919	53,006	62,269	63,292	77,732	81,692
Total financial assets	221,389	244,406	252,344	266,342	268,275	303,536	325,937	339,005
Net financial assets	-201,925	-211,339	-216,682	-239,952	-243,940	-242,450	-227,917	-225,163
Non-financial assets
Residential structures	7,446	7,739	7,976	8,193	7,939	8,122	7,954	7,814
Non-residential structures	224,358	234,181	244,286	251,915	256,621	263,628	277,078	287,284
Machinery and equipment	13,056	13,326	13,359	13,736	14,695	15,697	17,382	18,520
Land	60,472	63,619	66,466	68,660	69,892	72,089	75,819	78,454
Total non-financial assets	305,332	318,865	332,087	342,504	349,147	359,536	378,233	392,072
Total assets	526,721	563,271	584,431	608,846	617,422	663,072	704,170	731,077
Net worth	103,407	107,526	115,405	102,552	105,207	117,086	150,316	166,909
Source: Statistics Canada, National Balance Sheet Accounts (Table 378-0004).

Table 50
Canada Pension Plan liabilities and assets (millions of dollars)
*National Accounts Basis*
	1994	1995	1996	1997	1998	1999	2000	2001
Liabilities
Total liabilities	0	0	0	0	0	0	0	0
Financial assets
Bonds:
Government of Canada	3,485	3,475	3,464	3,453	3,441	3,428	3,406	3,392
Provincial government	33,523	32,207	30,748	29,189	27,584	26,891	26,398	25,448
Claims on associated enterprises	3,013	3,246	3,224	3,515	4,146	5,438	5,693	4,350
Other financial assets	974	1,683	1,900	1,397	1,982	3,138	3,254	4,694
Total financial assets	40,995	40,611	39,336	37,554	37,153	38,895	38,751	37,884
Net financial assets	40,995	40,611	39,336	37,554	37,153	38,895	38,751	37,884
Total assets	40,995	40,611	39,336	37,554	37,153	38,895	38,751	37,884
Net worth	40,995	40,611	39,336	37,554	37,153	38,895	38,751	37,884
Source: Statistics Canada, National Balance Sheet Accounts (Table 378-0004).

Table 51
Québec Pension Plan liabilities and assets (millions of dollars)
*National Accounts Basis*
	1994	1995	1996	1997	1998	1999	2000	2001
Liabilities
Total liabilities	0	0	0	0	0	0	0	0
Financial assets
Claims on associated enterprises	14,016	13,803	13,738	14,113	12,891	13,455	15,150	16,284
Other financial assets	19	77	132	175	193	275	-300	-236
Total financial assets	14,035	13,880	13,870	14,288	13,084	13,730	14,850	16,048
Net financial assets	14,035	13,880	13,870	14,288	13,084	13,730	14,850	16,048
Total assets	14,035	13,880	13,870	14,288	13,084	13,730	14,850	16,048
Net worth	14,035	13,880	13,870	14,288	13,084	13,730	14,850	16,048
Source: Statistics Canada, National Balance Sheet Accounts (Table 378-0004).

Table 52
Total government liabilities and assets (millions of dollars)
*National Accounts Basis*
	1994	1995	1996	1997	1998	1999	2000	2001
Liabilities
Currency and bank deposits	2,555	2,627	3,237	3,342	3,426	3,583	3,735	3,901
Other deposits	2,101	2,213	2,170	2,149	2,444	2,665	2,592	2,532
Trade payables	13,474	16,130	15,970	17,601	17,548	18,844	18,199	17,109
Loans	11,608	12,516	11,548	12,273	13,051	13,120	14,300	13,828
Canada short-term paper	165,199	164,230	142,128	116,782	97,253	98,203	84,362	99,729
Other short-term paper	19,766	18,172	16,946	14,762	12,853	17,342	16,737	17,951
Mortgages	2,815	3,090	3,418	3,726	3,989	3,992	3,932	3,918
Canada bonds	271,078	297,160	330,359	348,389	360,273	359,966	355,308	339,262
Provincial bonds	247,091	260,468	265,528	271,618	279,296	291,534	291,135	298,358
Municipal bonds	38,619	38,383	39,640	39,240	35,550	33,722	34,770	34,623
Other Bonds	1,526	1,440	1,329	1,375	1,679	1,694	1,722	1,731
Life insurance and pensions	124,842	133,882	142,952	163,766	169,555	176,183	182,438	174,101
Claims by associated enterprises	9,163	9,201	9,066	9,611	9,656	19,454	18,807	26,409
Other liabilities	97,396	119,424	126,977	140,871	139,514	150,650	149,339	161,701
Total liabilities	1,007,233	1,078,936	1,111,268	1,145,505	1,146,087	1,190,952	1,177,376	1,195,153
Financial assets
Currency and deposits	15,102	19,264	18,832	21,716	21,390	28,546	22,593	23,517
Trade receivables	5,466	5,516	5,228	5,323	5,333	5,370	5,528	5,647
Loans	17,118	17,647	19,686	19,907	20,122	19,413	23,107	26,005
Canada short-term paper	10,631	10,603	6,264	3,803	3,578	3,497	5,108	6,838
Other short-term paper	11,660	12,884	14,899	16,826	18,785	22,541	23,838	20,007
Mortgages	6,756	5,420	5,272	4,775	5,417	5,990	6,284	6,318
Canada bonds	14,336	15,721	18,564	21,706	24,596	24,897	25,172	27,503
Provincial government	61,911	61,297	63,335	58,468	54,875	55,005	55,272	55,605
Municipal bonds	12,850	12,883	13,411	13,229	8,262	3,861	4,359	3,998
Other	3,888	3,913	3,887	6,015	7,672	9,799	11,554	12,644
Claims on associated enterprises	112,595	110,629	122,411	117,140	119,861	148,832	157,008	170,415
Stocks	12,810	18,109	23,946	32,528	35,216	44,056	48,178	50,425
Foreign investments	1,296	1,660	1,821	3,389	4,132	3,709	4,085	4,277
Other financial assets	48,241	63,470	56,658	64,861	68,433	72,869	81,648	99,189
Total financial assets	334,660	359,016	374,214	389,686	397,672	448,385	473,734	512,388
Net financial assets	-672,573	-719,920	-737,054	-755,819	-748,415	-742,567	-703,642	-682,765
Non-financial assets
Residential structures	7,446	7,739	7,976	8,193	7,939	8,122	7,954	7,814
Non-residential structures	255,893	266,409	277,743	286,144	291,205	298,587	312,902	323,637
Machinery and equipment	24,991	25,556	24,875	25,539	26,339	26,830	28,286	29,658
Inventories	337	361	362	373	347	408	409	411
Land	68,482	71,885	75,064	77,474	78,815	81,143	85,133	87,906
Total non-financial assets	357,149	371,950	386,020	397,723	404,645	415,090	434,684	449,426
Total assets	691,809	730,966	760,234	787,409	802,317	863,475	908,418	961,814
Net worth	-315,424	-347,970	-351,034	-358,096	-343,770	-327,477	-268,958	-233,339
Source: Statistics Canada, National Balance Sheet Accounts (Table 378-0004). Note: Data in this table include Canada and Québec Pension Plan liabilities and assets.

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Archived - Fiscal Reference Tables October 2002 : 8

Archived - Fiscal Reference Tables
October 2002 : 8