Close X
Monday, November 11, 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

Trudeau opens door to more military spending

Trudeau opens door to more military spending
NATO figures estimate Canada spent 1.39 per cent of its GDP on defence last year. The 2017 defence plan Trudeau referred to promised to inject $535 billion over 20 years into the military, which would get spending to about 1.5 per cent of GDP.

Trudeau opens door to more military spending

Ottawa protesters not donors had accounts frozen

Ottawa protesters not donors had accounts frozen
Hundreds of demonstrators blockaded roads in Ottawa for more than three weeks last month, and similar demonstrations blocked four major border crossings in Ontario, Manitoba, Alberta and British Columbia.

Ottawa protesters not donors had accounts frozen

B.C. pledges $18.4 million to Lytton recovery work

B.C. pledges $18.4 million to Lytton recovery work
Public Safety Minister Mike Farnworth says $18.4 million will cover much of the costs of debris removal, archeological work and soil remediation for municipal, uninsured and underinsured properties in Lytton.

B.C. pledges $18.4 million to Lytton recovery work

B.C. has no plans to cut gas taxes, Farnworth

B.C. has no plans to cut gas taxes, Farnworth
Alberta has responded by reducing its tax by 13-cents per litre on both gasoline and diesel. Farnworth says there's no simple solution to the rising fuel price situation as the cost rose above $2 a litre in Metro Vancouver.    

B.C. has no plans to cut gas taxes, Farnworth

Group opposes forced health transfers in B.C.

Group opposes forced health transfers in B.C.
Dying With Dignity says the service is being restricted because of an agreement that allows facilities covered by the Denominational Health Association to collect taxpayer dollars but refuse to perform services they oppose on religious or moral grounds. 

Group opposes forced health transfers in B.C.

Surrey's Vaisakhi parade cancelled third year in a row due to COVID19 concerns

Surrey's Vaisakhi parade cancelled third year in a row due to COVID19 concerns
The magnitude and planning of this event takes a full year to complete and given the tight turnaround between the constantly changing public health order restrictions being lifted and the scheduled date of the parade, organizers did not feel they could responsibly honour the importance and magnitude of the event in this timeline.    

Surrey's Vaisakhi parade cancelled third year in a row due to COVID19 concerns