Program directory · Department of Finance Canada
Economic and Fiscal Policy, Planning and Forecasting
- Department
- Department of Finance Canada
- Program code
- BUV02 (FIN)
- Core responsibility
- Economic and Fiscal Policy
- In Departmental Plans
- 2018-19 – 2026-27 · New since an earlier plan
What it does
This Program provides analysis, research and advice to ministers and senior government officials so that they can make informed decisions on the Government of Canada’s economic and fiscal agenda. The Program analyzes the economic and fiscal position of Canada, the provinces and other countries; advises on the government’s economic policy framework, its budget planning framework, and policy priorities; monitors and prepares forecasts and reporting of Canada’s economic and fiscal position; plays a lead role in the management of the government’s fiscal framework; and provides analytical support on a wide range of economic and financial issues related to the government’s macroeconomic and structural policies.
Source: the department's Program Inventory, via GC InfoBase.
History and lineage
First appears in GC InfoBase's actual spending by program in 2018-19. The data does not record when a program was created; it may be older than its first appearance here, which is limited by the sources (program spending starts in 2010-11, Departmental Plans in 2018-19).
| Program | Relation | Years with data | Actual spending over those years |
|---|---|---|---|
| Economic and Fiscal Policy, Planning and Forecasting | This program | 2018-19 – 2028-29 | $117M |
No earlier or later program in the same department has a similar name.
Significant changes in scope and budget
Detected from the data: renames between plans, programs it appears to replace, merge with or split into (matched by name), year-over-year changes in spending of at least 25% and $5M, or in employees of at least 20% and 25 FTEs, linked budget measures, and results indicators added or dropped.
| Year | What changed | Source |
|---|---|---|
| 2020-21 | Spending $32.6M, against $10.4M in 2019-20 (+213%). | Actual spending (GC InfoBase) |
| 2021-22 | Spending $21.1M, against $32.6M in 2020-21 (−35%). | Actual spending (GC InfoBase) |
| 2022-23 | Spending $14.5M, against $21.1M in 2021-22 (−31%). | Actual spending (GC InfoBase) |
| 2026-27 | Indicators added: Effectiveness of EFP analytical outputs in enhancing departmental policy advice; Variance between forecast and final results | Departmental Results Framework (GC InfoBase) |
| 2026-27 | Indicators dropped: Degree to which overall findings of audits and/or evaluations are favorable; Percentage of agreed upon deadlines for briefing material that were met | Departmental Results Framework (GC InfoBase) |
Success criteria
The program's indicators from its department's Departmental Results Framework: the target set in each year's plan, and the result reported the following year. Source: GC InfoBase.
Historical: targets against results
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2018-19 | Favourable | 2019 | The result of the Audit of Information Management (IM) of the Federal Budget Process was favourable as the IM practices were fully implemented. | Met |
| 2019-20 | Favourable | 2020 | Overall findings of audits were favourable. | Met |
| 2020-21 | Favourable | 2021 | Favourable | Met |
| 2021-22 | Favourable | 2022 | No audits and/or evaluations occurred for this program in 2021-22. | Met |
| 2022-23 | Favourable | 2023 | No audits and/or evaluations occurred for this program in 2022-23. | No result reported |
| 2023-24 | Favourable | 2024 | No audits and/or evaluations occurred for this program in 2023-24. | No result reported |
| 2024-25 | Favourable | 2025 | na | No result reported |
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2018-19 | ≥ 90% | 2019 | 100% | Met |
| 2019-20 | ≥ 90% | 2020 | 95% 95% of agreed upon deadlines for briefing material were met. | Met |
| 2020-21 | ≥ 90% | 2021 | 90% More than 90% of our briefing materials were provided on time. | Met |
| 2021-22 | ≥ 90% | 2022 | 90% | Met |
| 2022-23 | ≥ 90% | 2023 | 90% | Met |
| 2023-24 | ≥ 90% | 2024 | 90% | Met |
| 2024-25 | ≥ 90% | 2025 | 90% | Met |
Current: the 2026-27 plan's targets
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2026-27 | Favourable | 2027 | — | Planned |
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2026-27 | ≥ 90% | 2027 | — | Planned |
Future goals: targets due after 2026-27
No targets with a later due date.
Spending and employees: planned against actual
Spending
Show the numbers
| Fiscal year | Planned | Actual |
|---|---|---|
| 2018-19 | $9.2M | $10.2M |
| 2019-20 | $9.2M | $10.4M |
| 2020-21 | $9.9M | $32.6M |
| 2021-22 | $15.3M | $21.1M |
| 2022-23 | $22.7M | $14.5M |
| 2023-24 | $13.4M | $13.9M |
| 2024-25 | $14.1M | $14.6M |
| 2025-26 | $14.6M | — |
| 2026-27 | $14.2M | — |
| 2027-28 | $13.4M* | — |
| 2028-29 | $13.4M* | — |
Employees (FTEs)
Show the numbers
| Fiscal year | Planned | Actual |
|---|---|---|
| 2018-19 | 70 | 78 |
| 2019-20 | 71 | 76 |
| 2020-21 | 73 | 78 |
| 2021-22 | 75 | 82 |
| 2022-23 | 91 | 83 |
| 2023-24 | 92 | 86 |
| 2024-25 | 92 | 89 |
| 2025-26 | 92 | — |
| 2026-27 | 88 | — |
| 2027-28 | 83* | — |
| 2028-29 | 83* | — |
Planned spending, plan by plan
Each row is one year's Departmental Plan and its forecast for the next three fiscal years; read a column down to see how the forecast for one year changed. The last row is what was actually spent. Click an amount for its source. Biggest changes in federal spending plans
| Plan | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 | 2025-26 | 2026-27 | 2027-28 | 2028-29 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018-19 plan | $9,206,047 | $9,027,606 | $9,027,607 | ||||||||
| 2019-20 plan | $9,172,436 | $9,172,436 | $9,172,436 | ||||||||
| 2020-21 plan | $9,865,903 | $9,958,582 | $9,885,088 | ||||||||
| 2021-22 plan | $15,259,211 | $10,185,717 | $9,935,128 | ||||||||
| 2022-23 plan | $22,703,843 | $12,602,343 | $12,452,994 | ||||||||
| 2023-24 plan | $13,433,616 | $13,281,712 | $13,281,712 | ||||||||
| 2024-25 plan | $14,143,628 | $14,284,035 | $13,810,004 | ||||||||
| 2025-26 plan | $14,633,109 | $14,153,364 | $13,871,706 | ||||||||
| 2026-27 plan | $14,154,115 | $13,411,009 | $13,411,009 | ||||||||
| Actual | $10,224,472 | $10,405,762 | $32,612,398 | $21,098,955 | $14,493,308 | $13,930,756 | $14,613,224 |
Actual spending is from Departmental Results Reports and the Public Accounts, as published in GC InfoBase. FTEs are full-time equivalents.
