Lester Pearson

Liberal, April 1963-April 1968
$1.2BDeficit 1963-1964
$1BDeficit 1967-1968
Pearson
Year Surplus/deficit Adjusted % of GDP
1963-1.2 -14.7-2.5
1964-0.37 -2.7-0.7
1965-0.02 -0.140
1966-0.49 -3.3-0.7
1967-1 -6.8-1.5
  Billions $ 2011 Billions $ %
Commons breakdown

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1963        
1965        

Deficit numbers taken from the fiscal year beginning in the year presented.

Pierre Trudeau

Liberal, April 1968-June 1979
$667MDeficit 1968-1969
$10.9BDeficit 1978-1979
Trudeau
Year Surplus/deficit Adjusted % of GDP
1968-0.67-4.2-0.9
19690.10.80.2
1970-1-6-1.1
1971-1.8-10-1.8
1972-1.9 -10.2-1.7
1973-2.2-10.8-1.7
1974-2.2-9.7-1.4
1975-6.2-24.7-3.6
1976-6.9-26-3.4
1977-10.8-37.5-4.9
1978-13-41.3-5.3
  Billions $ 2011 Billions $ %
Commons breakdown

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1968          
1972        
1974       

Deficit numbers taken from the fiscal year beginning in the year presented.

Joe Clark

Progressive Conservative, June 1979 - June 1980
$11.9BDeficit 1979-1980
Clark
Year Surplus/deficit Adjusted % of GDP
197911.9 -34.6-4.3
  Billions $ 2011 Billions $ %
Commons breakdown

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1979      

Deficit numbers taken from the fiscal year beginning in the year presented.

Pierre Trudeau

Liberal, March 1980 - June 1984*
$14.5BDeficit 1980-1981
$32.4BDeficit 1983-1984
Trudeau
Year Surplus/deficit Adjusted % of GDP
1980-14.6-37.9-4.6
1981-15.7-36.3-4.3
1982-29-61.7-7.6
1983-32.4-65.7-7.9
  Billions $ 2011 Billions $ %
Commons breakdown

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1980     

Deficit numbers taken from the fiscal year beginning in the year presented.

* Succeeded as Liberal leader and PM by John Turner, who served from June to September 1984.

Brian Mulroney

Progressive Conservative, September 1984 - June 1993*
$37.2BDeficit 1984-1985
$39BDeficit 1992-1993
Mulroney
Year Surplus/deficit Adjusted % of GDP
1984-37.2-72.8-8.3
1985-33.3-62.6-6.9
1986-29.8-53.7-5.8
1987-29-50.1-5.2
1988-29.9-46.5-4.6
1989-29.1-46-4.4
1990-33.9-51-5
1991-32.3-46.9-4.7
1992-39-55.3-5.6
  Billions $ 2011 Billions $ %
Commons breakdown

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1984      
1988     

Deficit numbers taken from the fiscal year beginning in the year presented.

* Succeeded as PC leader and PM by Kim Campbell, who served until November 1993.

Jean Chrétien

Liberal, November 1993 - December 2003
$38.5BDeficit 1993-1994
$10.6BSurplus 2003-2004
Chretien
Year Surplus/deficit Adjusted % of GDP
1993-38.5-53.8-5.3
1994-36.6-51-4.8
1995-30-41.1-3.7
1996-8.7-11.7-1
19972.93.90.3
19985.87.60.6
199914.218.31.5
200019.924.71.8
200189.90.7
20026.67.90.6
20039.110.60.8
  Billions $ 2011 Billions $ %
Commons breakdown

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1993         
1997        
2000        

Deficit numbers taken from the fiscal year beginning in the year presented.

Paul Martin

Liberal, December 2003 - February 2006
$1.4BSurplus 2004-2005
$13.2BSurplus 2005-2006
Martin
Year Surplus/deficit Adjusted % of GDP
20041.41.7 0.1
200513.214.80.9
  Billions $ 2011 Billions $ %
Commons breakdown

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2004        

Deficit numbers taken from the fiscal year beginning in the year presented.

Stephen Harper

Conservative, February 2006 - present
$13.8BSurplus 2006-2007
$25.9BDeficit 2012-2013
Harper
Year Surplus/deficit Adjusted % of GDP
200613.815.10.9
20079.610.30.6
2008-5.8-6.1-0.4
2009-55.6-58.2-3.6
2010-33.3-34.1-2.1
2011-26.2-26.2-1.5
2012-25.9-25.2-1.4
2013-18.9-18.4-1.0
2014-16.6-15.9-0.9
  Billions $ 2011 Billions $ %
Commons breakdown

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2006        
2008          
2011        

Deficit numbers taken from the fiscal year beginning in the year presented.