Close X
Monday, January 27, 2025
ADVT 
National

Freeland hints budget focus on economic growth

Darpan News Desk The Canadian Press, 31 Jan, 2022 04:26 PM
  • Freeland hints budget focus on economic growth

OTTAWA - Finance Minister Chrystia Freeland says making homes more affordable to buy and boosting the country's economic potential will be key considerations in this year's federal budget.

Freeland laid out the broad strokes of the spending plan as she launched the government's pre-budget consultations that will run until late February.

During a late afternoon news conference, Freeland said she thinks the budget should place a priority on making Canada more competitive and innovative, and fund a transition to a green economy.

She also says the Liberals must keep in mind the effects the budget could have on already high inflation rates in an economy that is entering 2022 on strong footing.

The Bank of Canada said last week the economy overall appears to have hit its productive capacity, leading to a scenario where too much government stimulus could boost consumer spending and add to inflation strains.

The Finance Department is projecting the deficit in the next fiscal year to hit $58.4 billion, down from the $144.5 billion for the year ending March 31, but that doesn't include any spending promises the Liberals made on the campaign trail.

MORE National ARTICLES

B.C. finance minister to provide update

B.C. finance minister to provide update
Robinson reported in July that the deficit of $5.46 billion for the 2020-21 fiscal year that ended March 31 had come in nearly $3 billion lower than forecast.

B.C. finance minister to provide update

Shots fired at Surrey RCMP Officer

Shots fired at Surrey RCMP Officer
There is a road closure in effect on 82 Avenue between 128 Street and 124 Street. The roadway is expected to be closed for some time as the Integrated Forensic Identification Service collects evidence in the area.

Shots fired at Surrey RCMP Officer

820 COVID19 cases for Friday

820 COVID19 cases for Friday
There are 5,850 active cases of COVID-19 in the province and 165,027 people who tested positive have recovered. Of the active cases, 281 individuals are in hospital and 135 are in intensive care. The remaining people are recovering at home in self-isolation.    

820 COVID19 cases for Friday

Third COVID shot recommended for immunocompromised

Third COVID shot recommended for immunocompromised
Canada's chief public health officer Dr. Theresa Tam says the advice applies to people 12 and older whose immune systems are compromised for a variety of reasons like being treated for a tumour or having an untreated HIV infection that has advanced.

Third COVID shot recommended for immunocompromised

Surrey RCMP need the public's assistance in locating missing man Siasat Cheema

Surrey RCMP need the public's assistance in locating missing man Siasat Cheema
It is out of character for Siasat Cheema to be out of contact, and police and family are concerned for his well-being. Siasat Cheema is described as a 30 year old, South Asian man, 6 ft., 199 lbs., with black hair and a short beard. He was last seen wearing a white shirt and blue jeans.  

Surrey RCMP need the public's assistance in locating missing man Siasat Cheema

Debate: Leaders spar over climate, foreign policy

Debate: Leaders spar over climate, foreign policy
Right off the bat, the role of the moderator, Shachi Kurl, came under fire, with Blanchet taking umbrage at what he termed her suggestion that Quebec is racist.

Debate: Leaders spar over climate, foreign policy