Program directory · Department of Finance Canada
Economic Development Policy
- Department
- Department of Finance Canada
- Program code
- BUV03 (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 officials so that they can make informed decisions on the fiscal and economic implications of sectoral and microeconomic policy issues, policies and programs. The Program fulfills the challenge function of the Department of Finance Canada on sectoral and microeconomic policy issues by conducting policy analysis and research regarding the fiscal and economic implications of economic policies and proposals developed by other departments in areas such as innovation, business financing, defence, transportation, public infrastructure, environment, energy and resources, agriculture and fisheries. This Program provides analysis, research and advice to the Minister of Finance and senior government officials in support of meetings of Cabinet and Cabinet committees, the annual budget and fiscal updates. The Program also plays a lead role in advising the government on the management of its corporate assets and plays a lead role in advising the government on its multi-year effort to achieve net zero carbon emissions.
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 Development Policy | This program | 2018-19 – 2028-29 | $6.35B |
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 |
|---|---|---|
| 2019-20 | Spending $768M, against $561M in 2018-19 (+37%). | Actual spending (GC InfoBase) |
| 2020-21 | Spending $61.7M, against $768M in 2019-20 (−92%). | Actual spending (GC InfoBase) |
| 2021-22 | Spending $225M, against $61.7M in 2020-21 (+264%). | Actual spending (GC InfoBase) |
| 2022-23 | Spending $588M, against $225M in 2021-22 (+162%). | Actual spending (GC InfoBase) |
| 2023-24 | Spending $1.77B, against $588M in 2022-23 (+201%). | Actual spending (GC InfoBase) |
| 2024-25 | Spending $2.38B, against $1.77B in 2023-24 (+34%). | Actual spending (GC InfoBase) |
| 2025-26 | Planned spending $3.7B, against $2.38B in 2024-25 (+56%). | Latest Departmental Plan |
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 | There were no audits and/or evaluations conducted for this program in 2018-19. There were no audits and/or evaluations conducted for this program in 2018-19. | No result reported |
| 2019-20 | Favourable | 2020 | No audits and/or evaluations occurred for this program in 2019-20. Not applicable for 2019-20. | No result reported |
| 2020-21 | Favourable | 2021 | No audits and/or evaluations occurred for this program in 2020-21. | 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 | 100% 100% of agreed upon deadlines for briefing material were met. | Met |
| 2020-21 | ≥ 90% | 2021 | 100% | Met |
| 2021-22 | ≥ 90% | 2022 | 100% | Met |
| 2022-23 | ≥ 90% | 2023 | 100% | Met |
| 2023-24 | ≥ 90% | 2024 | 100% | Met |
| 2024-25 | ≥ 90% | 2025 | 100% | 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 | $6.6M | $561M |
| 2019-20 | $6.5M | $768M |
| 2020-21 | $9.4M | $61.7M |
| 2021-22 | $3.98B | $225M |
| 2022-23 | $4.55B | $588M |
| 2023-24 | $2.93B | $1.77B |
| 2024-25 | $3.48B | $2.38B |
| 2025-26 | $3.7B | — |
| 2026-27 | $3.52B | — |
| 2027-28 | $3.55B* | — |
| 2028-29 | $3.63B* | — |
Employees (FTEs)
Show the numbers
| Fiscal year | Planned | Actual |
|---|---|---|
| 2018-19 | 55 | 52 |
| 2019-20 | 55 | 57 |
| 2020-21 | 62 | 61 |
| 2021-22 | 62 | 65 |
| 2022-23 | 80 | 73 |
| 2023-24 | 81 | 81 |
| 2024-25 | 71 | 81 |
| 2025-26 | 81 | — |
| 2026-27 | 80 | — |
| 2027-28 | 70* | — |
| 2028-29 | 68* | — |
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 | $6,592,984 | $6,530,090 | $5,880,319 | ||||||||
| 2019-20 plan | $6,532,534 | $5,882,223 | $5,882,223 | ||||||||
| 2020-21 plan | $9,416,588 | $9,079,373 | $9,093,372 | ||||||||
| 2021-22 plan | $3,977,074,303 | $4,542,229,302 | $5,425,758,302 | ||||||||
| 2022-23 plan | $4,545,597,699 | $5,429,128,634 | $5,525,512,319 | ||||||||
| 2023-24 plan | $2,933,942,468 | $3,463,902,936 | $4,345,773,936 | ||||||||
| 2024-25 plan | $3,476,640,031 | $4,346,573,275 | $5,308,044,696 | ||||||||
| 2025-26 plan | $3,697,523,425 | $3,507,731,606 | $3,538,750,630 | ||||||||
| 2026-27 plan | $3,516,509,564 | $3,548,809,227 | $3,628,152,810 | ||||||||
| Actual | $561,087,543 | $768,119,233 | $61,726,428 | $224,797,892 | $588,173,436 | $1,771,480,272 | $2,376,979,093 |
Actual spending is from Departmental Results Reports and the Public Accounts, as published in GC InfoBase. FTEs are full-time equivalents.