<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Chart 3: Sustained fiscal deficits are expected in many jurisdictions</label>
    <description><![CDATA[General government fiscal balances as a percentage of GDP, annual data

Note: General government fiscal balances are the net lending or borrowing of a jurisdiction’s entire government sector (this includes governments at the federal, state/provincial/territorial/regional, and local/municipal levels).

Source: International Monetary Fund via Haver Analytics]]></description>
    <link>https://www.bankofcanada.ca/?p=253365</link>
</groupDetail>
<seriesDetail>
<series id="FSR_2026_C3_S1">
<label>Canada</label>
<description>Canada</description>
<dimension key="d" name="Date"/>
</series>
<series id="FSR_2026_C3_S2">
<label>G7 excluding Canada</label>
<description>G7 excluding Canada</description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2015-01-01"><v s="FSR_2026_C3_S1">-0.06</v><v s="FSR_2026_C3_S2">-3.15</v></o>
<o d="2016-01-01"><v s="FSR_2026_C3_S1">-0.45</v><v s="FSR_2026_C3_S2">-3.44</v></o>
<o d="2017-01-01"><v s="FSR_2026_C3_S2">-3.50</v><v s="FSR_2026_C3_S1">-0.11</v></o>
<o d="2018-01-01"><v s="FSR_2026_C3_S2">-3.52</v><v s="FSR_2026_C3_S1">0.36</v></o>
<o d="2019-01-01"><v s="FSR_2026_C3_S1">-0.02</v><v s="FSR_2026_C3_S2">-3.96</v></o>
<o d="2020-01-01"><v s="FSR_2026_C3_S1">-10.95</v><v s="FSR_2026_C3_S2">-11.72</v></o>
<o d="2021-01-01"><v s="FSR_2026_C3_S1">-3.06</v><v s="FSR_2026_C3_S2">-9.16</v></o>
<o d="2022-01-01"><v s="FSR_2026_C3_S1">0.62</v><v s="FSR_2026_C3_S2">-3.94</v></o>
<o d="2023-01-01"><v s="FSR_2026_C3_S1">-0.16</v><v s="FSR_2026_C3_S2">-6.48</v></o>
<o d="2024-01-01"><v s="FSR_2026_C3_S1">-2.12</v><v s="FSR_2026_C3_S2">-6.29</v></o>
<o d="2025-01-01"><v s="FSR_2026_C3_S1">-1.77</v><v s="FSR_2026_C3_S2">-5.48</v></o>
<o d="2026-01-01"><v s="FSR_2026_C3_S2">-5.96</v><v s="FSR_2026_C3_S1">-2.67</v></o>
<o d="2027-01-01"><v s="FSR_2026_C3_S1">-2.49</v><v s="FSR_2026_C3_S2">-5.87</v></o>
<o d="2028-01-01"><v s="FSR_2026_C3_S1">-2.21</v><v s="FSR_2026_C3_S2">-5.95</v></o>
<o d="2029-01-01"><v s="FSR_2026_C3_S1">-1.99</v><v s="FSR_2026_C3_S2">-5.80</v></o>
<o d="2030-01-01"><v s="FSR_2026_C3_S1">-1.73</v><v s="FSR_2026_C3_S2">-5.79</v></o>
<o d="2031-01-01"><v s="FSR_2026_C3_S1">-1.52</v><v s="FSR_2026_C3_S2">-5.72</v></o>
</observations>
</data>