Close X
Thursday, November 28, 2024
ADVT 
National

PBO: Inflation boosts spending on seniors' aid

Darpan News Desk The Canadian Press, 10 Mar, 2022 11:45 AM
  • PBO: Inflation boosts spending on seniors' aid

OTTAWA - The parliamentary budget officer says federal spending on health care is set to rise over the next 12 months at a faster clip than the government had previously planned.

Federal health transfers are calculated to grow by at least three per cent each year, but the budget office says that health-care transfers are set to rise by almost five per cent year-over-year.

The $2.1 billion increase will bring federal spending on health care to $45.2 billion in the coming fiscal year that starts in April.

Budget officer Yves Giroux's report projects that annual federal spending on health care will reach $56.1 billion by 2027.

Recently released federal spending estimates show seniors benefits will increase by $6.7 billion, or 10.9 per cent, from the previous fiscal year, partly because of high inflation rates to which the value of payments are pegged.

Total spending on old age security next year is projected to hit $68.3 billion and includes $740 million for a one-time payment to seniors who saw a clawback in benefits after they received emergency aid at the start of the pandemic.

MORE National ARTICLES

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

Burnaby RCMP respond to a report of a voyeurism incident in Metrotown.

Burnaby RCMP respond to a report of a voyeurism incident in Metrotown.
The victim reported that she was in a change room when she noticed the person in the next stall was recording her with his phone. The victim confronted the suspect, with the support of some other customers, however the suspect was able to flee the store.

Burnaby RCMP respond to a report of a voyeurism incident in Metrotown.

Industry demands end to COVID-19 travel testing

Industry demands end to COVID-19 travel testing
Rule changes, including removal of the requirement that fully vaccinated Canadian travellers take a pre-departure COVID-19 molecular test, took effect Monday. 

Industry demands end to COVID-19 travel testing

Feds on path to fall short of housing goal

Feds on path to fall short of housing goal
The report from the National Housing Council made public Monday said the three programs under review have done little to help households who live in homes that are too expensive, or too small, for them.

Feds on path to fall short of housing goal

549 COVID19 cases over 3 days

549 COVID19 cases over 3 days
There are 549 individuals hospitalized with COVID-19 and 85 are in intensive care. In the past 72 hours, 22 new deaths have been reported, for an overall total of 2,873.

549 COVID19 cases over 3 days

Man in Vancouver allegedly attacks 5 women and damages property during crime spree

Man in Vancouver allegedly attacks 5 women and damages property during crime spree
The suspect allegedly approached a 40-year-old woman in her car, made shooting gestures, banged on the vehicle, and tried to open the car door. When she drove away, the suspect allegedly chased the vehicle down the street.    

Man in Vancouver allegedly attacks 5 women and damages property during crime spree