Close X
Monday, November 11, 2024
ADVT 
National

Federal budget set for April 7: Freeland

Darpan News Desk The Canadian Press, 29 Mar, 2022 02:37 PM
  • Federal budget set for April 7: Freeland

OTTAWA - The federal government will unveil its 2022 budget next week under the weight of expectations to deliver unfulfilled election promises, a slew of new social programs as part of a political pact and an international commitment to boost Canada’s military spending.

Finance Minister Chrystia Freeland said Tuesday she will deliver this year's spending plan on April 7. Freeland has said the document would be focused on spurring economic growth.

The budget will be the first since September's federal election that saw the Liberals returned with their second minority mandate.

"Our government was re-elected on a commitment to grow our economy, make life more affordable and to continue building a Canada where nobody gets left behind," Freeland told the House of Commons on Tuesday.

"That is exactly what we are doing, and that is what we're going to continue to do in the budget."

Freeland’s fall economic update in December projected the government's bottom line would show a deficit of $58.4 billion for the fiscal year that starts in April following two years of even deeper deficits.

That figure didn’t include any new spending promises, including a long list of campaign pledges aimed at making housing more affordable.

Outstanding election promises amount to about $80 billion in new spending, offset by $25 billion in projected new revenues, over the next five years, which an analysis Tuesday from Desjardins estimated would increase the federal deficit by an aver

MORE National ARTICLES

B.C. adds conditions for Trans Mountain expansion

B.C. adds conditions for Trans Mountain expansion
The expansion is set to nearly triple the capacity of the existing 1,150-kilometre pipeline that carries 300,000 barrels per day of petroleum products from Alberta to B.C., which will significantly increase the number of tankers carrying oil for export.

B.C. adds conditions for Trans Mountain expansion

B.C. shifts vaccination order for health workers

B.C. shifts vaccination order for health workers
The new order differs from last month's announcement when provincial health officer Dr. Bonnie Henry said all regulated health professionals vaccinated with one dose before March 24 could continue to work only if they received a second dose within 35 days.

B.C. shifts vaccination order for health workers

Ukraine attack sparks fear of global food shortage

Ukraine attack sparks fear of global food shortage
Ukraine is one of the world's major wheat exporters and since Russia's attack, global wheat prices have risen to levels not seen since 2008. Sandra McCardell, an assistant deputy minister at Global Affairs Canada, told a Senate committee last week that there will be “a wide range of fallout” from Russia’s invasion of Ukraine.

Ukraine attack sparks fear of global food shortage

997 COVID19 cases over 3 days

997 COVID19 cases over 3 days
There are 449 individuals hospitalized with COVID-19 and 63 are in intensive care. In the past 72 hours, 11 new deaths have been reported, for an overall total of 2,914.    

997 COVID19 cases over 3 days

Who else may run for Conservative party leadership

Who else may run for Conservative party leadership
With Sept.10 picked as the date for when the Conservative Party of Canada will have a new leader, time is ticking for prospective candidates and their teams to get into place. Those running have until April 19 to throw their hat into the ring and until June 3 to sell memberships.

Who else may run for Conservative party leadership

Trudeau opens door to more military spending

Trudeau opens door to more military spending
NATO figures estimate Canada spent 1.39 per cent of its GDP on defence last year. The 2017 defence plan Trudeau referred to promised to inject $535 billion over 20 years into the military, which would get spending to about 1.5 per cent of GDP.

Trudeau opens door to more military spending