The forecasted Social Security Government Revenues in Canada, expressed as a percentage of General Government Revenues, show a consistent upward trend from 2024 to 2028. In 2023, these revenues constituted 8.82% of the General Government Revenues. The year-on-year growth from 2024 to 2025 is 0.56%, from 2025 to 2026 is 0.56%, from 2026 to 2027 is 0.56%, and from 2027 to 2028 is 0.55%. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is approximately 0.56%.
Future trends to watch for include:
- Potential changes in demographic patterns affecting social security needs.
- Government policy shifts that could impact revenue allocation.
- Economic factors influencing the broader government revenue base.
