Giswold, Jill; Vanderwees, Kaitlyn

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Main Estimates
2024-2025

The Government’s Expenditure Plan and Main Estimates for 2024-25

Jill Giswold ; Kaitlyn Vanderwees

Published on March 7, 2024 PDF

This report examines the federal government’s Expenditure Plan and Main Estimates for 2024-25, which supports the first two appropriation bills that outline $449.2 billion in planned spending. Parliament’s approval is required for $191.6 billion.

Highlights

The Main Estimates are enacted through the first two appropriation bills of the fiscal year, which require Parliament’s approval for $191.6 billion. Parliament has already provided legislative authority for most of the planned spending ($257.6 billion).
Close to $2.3 billion in 2024-25 has been reallocated through the Refocusing Government Spending exercise, as indicated in these Main Estimates.
Projected federal spending on elderly benefits is set to surpass the $80 billion mark for the first time in 2024-25, rising to $81.1 billion in these Main Estimates.
The Canada Health Transfer is set to increase by $2.7 billion (5.4 per cent) to $52.1 billion in 2024-25.
The 2024-25 Main Estimates outline $46.5 billion in forecasted statutory authorities related to servicing public debt, which represents an increase of $4.8 billion compared to the Estimates to date for the preceding year.

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