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Federal Government Spending

Get data-driven insights into how the federal government’s revenue and spending affect Canadian lives and programs.

Data updated July 6, 2026

FY 2023-24 Revenue and Spending

Headline totals are on a Volume I consolidated (accrual) basis. Explore revenue and spending categories below.

Total spending in FY 2023-24

$513.94B

consolidated federal spending (Vol I)

Total revenue in FY 2023-24

$459.55B

consolidated federal revenue (Vol I)

Deficit in FY 2023-24

-$54.39B

revenue minus spending (Vol I)

Total spending: $513.94BSource

Headline totals use the Volume I consolidated basis; ministry and department figures use the Volume II appropriations basis. These bases differ; see the methodology for the reconciliation and known differences.