Finance
How Finance spent its budget in fiscal year 2024-25, on a Volume II appropriations basis.
Department Spending
In FY 2024-25,
$143.86B
was spent by Finance
In FY 2024-25,
26.5%
of federal spending was by Finance
The Department of Finance develops federal fiscal, economic, and tax policy, prepares the federal budget, manages transfers to provinces and territories, and oversees the regulation of the financial sector along with the management of federal debt.
Finance spent $143.86B in the 2024–25 fiscal year, representing 26.5% of total federal spending.
The large majority of this spending is administered by the Department of Finance itself, with smaller amounts flowing through portfolio bodies including the Office of the Superintendent of Financial Institutions, the Office of the Auditor General, the Financial Transactions and Reports Analysis Centre of Canada, and the Financial Consumer Agency of Canada. Its largest transfer payments are the major federal-provincial fiscal transfers: the Canada Health Transfer, Fiscal Equalization, the Canada Social Transfer, and Territorial Financing, along with payments to the International Development Association.
How did Finance spend its budget in 2024-25?
Spending by entity, FY 2024-25
Department of Finance
Office of the Superintendent of Financial Institutions
Office of the Auditor General
Financial Transactions and Reports Analysis Centre of Canada
Financial Consumer Agency of Canada
$143.26B
$312.9M
$133.1M
$101.4M
$55.3M
Finance’s share of federal spending
Percentage of federal spending, 1995–2025
Line items
Complete appropriation (vote/allotment) and transfer-payment lines, in dollars. Search, sort, and download the full table.
| Vote | Description | Total available | Used ▼ | Lapsed |
|---|---|---|---|---|
| Statutory amounts | Statutory amounts | $143,181,550,322 | $143,112,976,851 | $68,573,471 |
| Statutory amounts | Statutory amounts | $453,515,384 | $311,524,729 | $141,990,655 |
| Vote 1 | Program expenditures | $162,605,459 | $146,869,835 | $15,735,624 |
| Vote 1 | Program expenditures | $126,183,191 | $118,498,146 | $7,685,045 |
| Statutory amounts | Statutory amounts | $55,267,544 | $55,267,544 | $0 |
| Vote 1 | Program expenditures | $72,601,726 | $50,816,019 | $21,785,707 |
| Statutory amounts | Statutory amounts | $50,623,008 | $50,623,008 | $0 |
| Statutory amounts | Statutory amounts | $14,574,611 | $14,571,914 | $2,697 |
| Vote 1 | Program expenditures | $1,402,500 | $1,402,500 | $0 |
| Vote 5 | Authority for amount by way of direct payments to the International Development Association pursuant to Bretton Woods and Related Agreements Act | $1 | $0 | $1 |
Explore other federal departments
Finance figures are on a Volume II appropriations basis and will not match the Volume I consolidated headline totals. See the methodology for details.
