Department of Finance Canada
What Department of Finance Canada spent in fiscal year 2007-08: its net expenditure by standard object, from the Public Accounts of Canada, Volume II.
Reports through Finance; the overview shows it in that ministry.
What Department of Finance Canada does
The Department of Finance (Finance Canada) is a central federal department responsible for overseeing the nation's economic and fiscal policies, ensuring financial stability, and managing the government's fiscal framework. Established in 1867 as one of the original departments following Confederation, it advises the Prime Minister and Cabinet on economic matters, develops tax and tariff policies, and prepares the annual federal budget.
Spending, 2007-08
Net spending, 2007-08
$81.2B
spent by Department of Finance Canada, less revenues it kept
Share, 2007-08
39.4%
of the net spending of every federal organization
How did Department of Finance Canada spend its budget in 2007-08?
By standard object. Revenues it kept are negative and netted against its spending.
Spending by standard object, 2007-08
Transfer payments
Public debt charges
Utilities, materials and supplies
Other subsidies and payments
Personnel
Professional and special services
Transportation and communications
Acquisition of machinery and equipment
Information
Repair and maintenance
Rentals
External revenues
$47.6B
$33.2B
$184M
$91.4M
$79.8M
$11.9M
$5.1M
$2.2M
$1.9M
$786K
$537K
-$58K
Total: $81.2B.
Workforce, 2007-08
Personnel spending
$79.8M
salaries, wages and benefits (the personnel standard object)
A full-time equivalent is a measure of employment, not a headcount: two half-time employees are one FTE. Personnel spending includes benefits and pension contributions, so per FTE it is not an average salary.
Contracts of $10,000 and under
Contracts this small are not published one by one: Treasury Board publishes each organization's totals, by calendar year, for contracts of $10,000 and under (their original value and their amendments) and for acquisition card purchases. They are the value of contracts entered into, not what was paid in a fiscal year, so they are not part of the net expenditure above, and the years are calendar years.
| Calendar year | Goods | Services | Construction | Acquisition cards | Total |
|---|---|---|---|---|---|
| 2025 | $22,976 | $182,918 | $0 | $819,517 | $1,025,411 |
| 2024 | $81,769 | $119,621 | $0 | $1,125,980 | $1,327,370 |
| 2023 | $37,435 | $200,241 | $0 | $1,402,370 | $1,640,045 |
| 2022 | $97,970 | $174,351 | $0 | $1,158,374 | $1,430,695 |
| 2021 | $89,967 | $257,535 | $0 | $792,903 | $1,140,404 |
| 2020 | $162,287 | $361,939 | $0 | $783,477 | $1,307,703 |
| 2019 | $138,348 | $317,347 | $0 | $1,179,825 | $1,635,520 |
| 2018 | $161,931 | $432,749 | $0 | $1,407,913 | $2,002,593 |
| 2017 | $226,292 | $385,288 | $0 | $1,196,935 | $1,808,515 |
Department of Finance Canada’s share of federal net spending
Other organizations in Finance
Sources
- Public Accounts of Canada 2008, Volume II: Ministerial expenditures by standard object (Table 3)
- Proactive Publication - Contracts: Aggregated Total - Contracts $10K and under
Department figures are net expenditure (Public Accounts, Volume II), which doesn’t add up to the accrual expenses of the overview’s headline. See the methodology.
