Forecast: Total Government Expenditure in Agriculture in Canada

The forecast for total government expenditure in agriculture in Canada from 2024 to 2028 indicates a steady decline, starting at 0.79% of total government expenditure in 2024 and decreasing by 0.03 percentage points each year to reach 0.67% in 2028. This downward trend suggests a diminishing priority or allocation towards agriculture relative to other sectors. Given that 2024 marks the beginning of forecasted data, variations are not presented for previous years, and the year-on-year decrease hovers around 3.8% per annum over the five-year horizon.

Future trends to watch for include:

  • Changes in agricultural policies and potential increases in funding due to unforeseen agricultural demands or environmental challenges.
  • Shifts in government priorities towards sustainable and innovation-driven agricultural practices.
  • Potential influences of global economic changes and trade agreements impacting budget allocations.

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