The forecast for tax expenditure on natural gas for fossil fuel production in Canada remains relatively stable from 2024 to 2028, maintaining a slight decline in the percentage of GDP from 0.028 in 2024 to 0.027 from 2026 onward. Looking back, the actual values from previous years suggest a trend of stability leading into the forecast period. While the year-on-year variation in percentage is negligible, highlighting consistency, the cumulative average growth rate over the five-year span reflects the minor decrease.

Future trends to watch for:

Potential policy changes affecting natural gas tax subsidies related to climate commitments.
Shift towards renewable energy impacting tax expenditure allocations.
Market adjustments in the natural gas sector that could influence fiscal strategies.