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

Avalanche warning for B.C. and Alberta backcountry

Avalanche warning for B.C. and Alberta backcountry
A special avalanche warning has been posted for recreational backcountry users in several regions of B.C. and Alberta as warm temperatures make the snowpack unstable. Avalanche Canada and Parks Canada have issued the advisory to take effect immediately and last through to Monday.

Avalanche warning for B.C. and Alberta backcountry

Russia faces severe sanctions over Ukraine: Joly

Russia faces severe sanctions over Ukraine: Joly
Russia has positioned about 100,000 troops across Ukraine's borders along with tanks and other heavy artillery, stoking fears across Europe of an invasion, but Russia has denied it intends to do that.

Russia faces severe sanctions over Ukraine: Joly

NDP: Parliamentary conscience or party of power?

NDP: Parliamentary conscience or party of power?
Philippe Fournier of 338Canada.com says polls consistently show that NDP Leader Jagmeet Singh is more popular than either Prime Minister Justin Trudeau or Conservative Leader Erin O'Toole. But he says the party must win over suburban voters and attract Liberals tired of the ruling party to stand a chance of forming government.

NDP: Parliamentary conscience or party of power?

Housing ministers meet as MPs probe price gains

Housing ministers meet as MPs probe price gains
The Opposition Conservatives say they plan to recommend a change in how home prices are captured in headline inflation figures, arguing the current readings underestimate the impact. The party's finance critic says there are options the country could consider to better reflect house price inflation in the consumer price index.

Housing ministers meet as MPs probe price gains

Surrey collision results in road closures Wednesday evening

Surrey collision results in road closures Wednesday evening
On Wednesday, January 19,  at 7:20 pm, Surrey RCMP responded to the report of a motor vehicle collision that involved a pedestrian at the intersection of 92 Avenue and King George Boulevard. The pedestrian suffered life threatening injuries and is currently being treated at a local hospital.

Surrey collision results in road closures Wednesday evening

Warning for photo-snapping drivers on B.C. highway

Warning for photo-snapping drivers on B.C. highway
 A key British Columbia highway has reopened to all traffic after being torn apart by disastrous flooding in November but it only took hours for the Transportation Ministry to issue a safety reminder.

Warning for photo-snapping drivers on B.C. highway