Close X
Wednesday, November 20, 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

Body found inside burned vehicle in Langley: IHIT

Body found inside burned vehicle in Langley: IHIT
Once the fire was extinguished, a body was located inside the burned red Ford F-150 pickup. The area surrounding the scene will be cordoned off for a significant amount of time.

Body found inside burned vehicle in Langley: IHIT

Man shot near Brownsville Pub at Old Yale Rd: Surrey RCMP

Man shot near Brownsville Pub at Old Yale Rd: Surrey RCMP
At approximately 1:14 a.m. on July 19, 2021, Surrey RCMP Frontline responded to a report of an injured man under the Patullo Bridge. Frontline officers located the man suffering from apparent gunshot wounds.

Man shot near Brownsville Pub at Old Yale Rd: Surrey RCMP

Extreme weather likely to continue: Wilkinson

Extreme weather likely to continue: Wilkinson
Wildfires are raging out of control, forcing residents out of their homes, in British Columbia, Saskatchewan and Manitoba.

Extreme weather likely to continue: Wilkinson

Election won't stall EI review, minister says

Election won't stall EI review, minister says
Qualtrough says consultations will start next month on how the decades-old system can be modernized after its shortcomings were exposed by the COVID-19 pandemic.

Election won't stall EI review, minister says

More evacuations, alerts due to B.C. wildfires

More evacuations, alerts due to B.C. wildfires
The Regional District of Kootenay Boundary declared a local state of emergency and ordered 122 properties evacuated, while residents in another 304 properties have been put on alert as the 20-square kilometre Nk'Mip Creek wildfire sweeps east, parallel to the U.S. border.

More evacuations, alerts due to B.C. wildfires

BoC names new deputy governor to start Aug. 2

BoC names new deputy governor to start Aug. 2
The bank says Sharon Kozicki will take on the role on Aug. 2 after serving eight years as an advisor to former governor Stephen Poloz and current governor Tiff Macklem.

BoC names new deputy governor to start Aug. 2