What’s a billion anyway?
November 10, 2026
The next time you hear a Prime Minister or our slate of Premiers use the word “BILLION” in a casual or cavalier manner, think about whether you want the “politicians” spending your tax money or managing it in heritage or investment fund accounts presumably for rainy days (which we probably won’t be around to enjoy anyway).
For us mere mortals who live in a world of tens, hundreds and perhaps a few thousands of $$$ (and balanced budgets), the number “BILLION” can be a bit daunting; it’s a difficult number to comprehend and difficult to put that BILLION number into some perspective.
Consider … a billion seconds ago it was 1994 …in slightly over one billion minutes ago, Jesus was alive … a billion hours ago our ancestors were living in the Stone Age. And … a billion days ago, no one walked on the earth on two feet.
The estimated Federal Budget ANNUAL projections for 2026-27 totals 502.8 billion dollars. At that rate, a billion dollars is spent every 17.5 hours, or $1.38 billion a day, for a grand total of $502.8 billion annually.
The main estimates are:
Transfer payments made to other levels of government, other organizations and individuals. Transfer payments make up approximately 59.8 percent of expenditures or $300.5 billion (including approximately $20 billion to First Nations).
Operating and capital expenditures account for approximately 29.5 percent or $148.6 billion.
Public debt charges are approximately 10.7 percent of expenditures or $53.7 billion.
The top six organizations seeking $10 billion or more in voted (approved) budgetary expenditures are:
Not included expenditures in the above totals are: Employment Insurance Operating Account, expenditures legislated through the Income Tax Act (Canada Child Benefit) or new multi-billion expenditures announced following PM Carney’s recent “summit” with Indigenous leaders.
Even a Constitutional amendment to abolish the unnecessary, unproductive and anachronistic Senate would only amount to a trifling saving of $0.14 billion.
However, for insomniacs, the televised Senate proceedings do provide some measure of relief. Just sayin’.
Lynn Clark,
Camrose
The next time you hear a Prime Minister or our slate of Premiers use the word “BILLION” in a casual or cavalier manner, think about whether you want the “politicians” spending your tax money or managing it in heritage or investment fund accounts presumably for rainy days (which we probably won’t be around to enjoy anyway).
For us mere mortals who live in a world of tens, hundreds and perhaps a few thousands of $$$ (and balanced budgets), the number “BILLION” can be a bit daunting; it’s a difficult number to comprehend and difficult to put that BILLION number into some perspective.
Consider … a billion seconds ago it was 1994 …in slightly over one billion minutes ago, Jesus was alive … a billion hours ago our ancestors were living in the Stone Age. And … a billion days ago, no one walked on the earth on two feet.
The estimated Federal Budget ANNUAL projections for 2026-27 totals 502.8 billion dollars. At that rate, a billion dollars is spent every 17.5 hours, or $1.38 billion a day, for a grand total of $502.8 billion annually.
The main estimates are:
Transfer payments made to other levels of government, other organizations and individuals. Transfer payments make up approximately 59.8 percent of expenditures or $300.5 billion (including approximately $20 billion to First Nations).
Operating and capital expenditures account for approximately 29.5 percent or $148.6 billion.
Public debt charges are approximately 10.7 percent of expenditures or $53.7 billion.
The top six organizations seeking $10 billion or more in voted (approved) budgetary expenditures are:
- Department of National Defence ($48.4 billion) (9.6 percent);
- Department of Indigenous Services ($23.9 billion) (4.8 percent);
- Department of Employment and Social Development ($13.6 billion) (2.7 percent);
- Department of Crown-Indigenous Relations and Northern Affairs ($11.8 billion) (2.3 percent);
- Treasury Board Secretariat ($11.8 billion) (2.3 percent); and
- Department of Health ($10.4 billion) (2.1 percent).
Not included expenditures in the above totals are: Employment Insurance Operating Account, expenditures legislated through the Income Tax Act (Canada Child Benefit) or new multi-billion expenditures announced following PM Carney’s recent “summit” with Indigenous leaders.
Even a Constitutional amendment to abolish the unnecessary, unproductive and anachronistic Senate would only amount to a trifling saving of $0.14 billion.
However, for insomniacs, the televised Senate proceedings do provide some measure of relief. Just sayin’.
Lynn Clark,
Camrose