Close X
Sunday, September 22, 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

BCREA criticizes cooling-off period for housing

BCREA criticizes cooling-off period for housing
Earlier this month, the Real Estate Board of Greater Vancouver said a lack of supply caused January home sales to slow from a record-setting pace last year, nonetheless pushing the benchmark price up 18.5 per cent from last January, to about $1.2 million.

BCREA criticizes cooling-off period for housing

Police investigate homicide at UBC Okanagan campus

Police investigate homicide at UBC Okanagan campus
The Kelowna RCMP say in a news release Monday that the 24-year-old woman who was allegedly assaulted Saturday morning while working on campus succumbed to her injuries.

Police investigate homicide at UBC Okanagan campus

B.C. gives climate change funds to communities

B.C. gives climate change funds to communities
Municipal Affairs Minister Nathan Cullen said the new program responds to municipalities that have asked for more flexible and consistent funding to implement projects that support the province's climate plans and their own goals.

B.C. gives climate change funds to communities

Climate change report a grim warning for Canada

Climate change report a grim warning for Canada
The panel found climate change costs in Canada have risen to about $1.9 billion from about $400 million in 1983. Just fighting wildfires, a threat exacerbated by climate change, could reach $1 billion a year — a figure already reached in six of the last 10 years.

Climate change report a grim warning for Canada

Thousands of Ukrainians approved to come to Canada

Thousands of Ukrainians approved to come to Canada
Prime Minister Justin Trudeau said Russian President Vladimir Putin has created a refugee crisis, and the United Nations Refugee Agency, UNHCR, said about 500,000 people in Ukraine have fled to neighbouring countries so far.

Thousands of Ukrainians approved to come to Canada

Canada's foreign minister heads to Poland

Canada's foreign minister heads to Poland
Her visit comes as Prime Minister Justin Trudeau announced Monday that Canada was sending anti-tank weapons and upgraded ammunition to Ukraine, which amounted to a significant enhancement in lethal military aid.    

Canada's foreign minister heads to Poland