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Program directory · Department of Finance Canada

Economic Development Policy

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).

2018-192019-202020-212021-222022-232023-242024-252025-262026-272027-282028-29Economic Development Policy 2018-19: $561MEconomic Development Policy 2019-20: $768MEconomic Development Policy 2020-21: $61.7MEconomic Development Policy 2021-22: $225MEconomic Development Policy 2022-23: $588MEconomic Development Policy 2023-24: $1.77BEconomic Development Policy 2024-25: $2.38BEconomic Development Policy 2025-26: $3.7BEconomic Development Policy 2026-27: $3.52BEconomic Development Policy 2027-28: $3.55BEconomic Development Policy 2028-29: $3.63BEconomic Development Policy
Bars: spending by fiscal year (dark: actual; light: actual restated on the 2017-18 program structure; outlined: the latest plan's forecast; grey: related programs). Bands: each program in the lineage over the years it has data.
ProgramRelationYears with dataActual spending over those years
Economic Development PolicyThis program2018-19 – 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.

YearWhat changedSource
2019-20Spending $768M, against $561M in 2018-19 (+37%).Actual spending (GC InfoBase)
2020-21Spending $61.7M, against $768M in 2019-20 (−92%).Actual spending (GC InfoBase)
2021-22Spending $225M, against $61.7M in 2020-21 (+264%).Actual spending (GC InfoBase)
2022-23Spending $588M, against $225M in 2021-22 (+162%).Actual spending (GC InfoBase)
2023-24Spending $1.77B, against $588M in 2022-23 (+201%).Actual spending (GC InfoBase)
2024-25Spending $2.38B, against $1.77B in 2023-24 (+34%).Actual spending (GC InfoBase)
2025-26Planned 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

Degree to which overall findings of audits and/or evaluations are favourable
Expected result: Outcome 3.1: Ministers and senior government officials have timely access to evidence-based analysis, research and advice on the fiscal and economic implications associated with sectoral and microeconomic policy
Report yearTargetDueResultStatus
2018-19Favourable2019There 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
2019-20Favourable2020No audits and/or evaluations occurred for this program in 2019-20.
Not applicable for 2019-20.
No result reported
2020-21Favourable2021No audits and/or evaluations occurred for this program in 2020-21.Met
2021-22Favourable2022No audits and/or evaluations occurred for this program in 2021-22.Met
2022-23Favourable2023No audits and/or evaluations occurred for this program in 2022-23.No result reported
2023-24Favourable2024No audits and/or evaluations occurred for this program in 2023-24.No result reported
2024-25Favourable2025naNo result reported
Percentage of agreed upon deadlines for briefing material that were met
Expected result: Outcome 3.1: Ministers and senior government officials have timely access to evidence-based analysis, research and advice on the fiscal and economic implications associated with sectoral and microeconomic policy
100%2018-19✓ met100%2019-20✓ met100%2020-21✓ met100%2021-22✓ met100%2022-23✓ met100%2023-24✓ met100%2024-25✓ met

Bars: result reported. Dashed line: target.

Report yearTargetDueResultStatus
2018-19≥ 90%2019100%Met
2019-20≥ 90%2020100%
100% of agreed upon deadlines for briefing material were met.
Met
2020-21≥ 90%2021100%Met
2021-22≥ 90%2022100%Met
2022-23≥ 90%2023100%Met
2023-24≥ 90%2024100%Met
2024-25≥ 90%2025100%Met

Current: the 2026-27 plan's targets

Degree to which overall findings of audits and/or evaluations are favourable
Expected result: Outcome 3.1: Ministers and senior government officials have timely access to evidence-based analysis, research and advice on the fiscal and economic implications associated with sectoral and microeconomic policy
Report yearTargetDueResultStatus
2026-27Favourable2027—Planned
Percentage of agreed upon deadlines for briefing material that were met
Expected result: Outcome 3.1: Ministers and senior government officials have timely access to evidence-based analysis, research and advice on the fiscal and economic implications associated with sectoral and microeconomic policy
90%2026-27

Bars: result reported. Dashed line: target.

Report yearTargetDueResultStatus
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

2018-19: $6.6M2018-19: $561M2018-192019-20: $6.5M2019-20: $768M2019-202020-21: $9.4M2020-21: $61.7M2020-212021-22: $3.98B2021-22: $225M2021-222022-23: $4.55B2022-23: $588M2022-232023-24: $2.93B2023-24: $1.77B2023-242024-25: $3.48B2024-25: $2.38B2024-252025-26: $3.7B2025-262026-27: $3.52B2026-272027-28: $3.55B2027-282028-29: $3.63B2028-29
Outlined bar: planned in that year's Departmental Plan (dashed: the latest plan, for years not yet reported). Filled bar: actual.
Show the numbers
Fiscal yearPlannedActual
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)

2018-19: 552018-19: 522018-192019-20: 552019-20: 572019-202020-21: 622020-21: 612020-212021-22: 622021-22: 652021-222022-23: 802022-23: 732022-232023-24: 812023-24: 812023-242024-25: 712024-25: 812024-252025-26: 812025-262026-27: 802026-272027-28: 702027-282028-29: 682028-29
Outlined bar: planned in that year's Departmental Plan (dashed: the latest plan, for years not yet reported). Filled bar: actual.
Show the numbers
Fiscal yearPlannedActual
2018-195552
2019-205557
2020-216261
2021-226265
2022-238073
2023-248181
2024-257181
2025-2681—
2026-2780—
2027-2870*—
2028-2968*—

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

Actual spending is from Departmental Results Reports and the Public Accounts, as published in GC InfoBase. FTEs are full-time equivalents.