Search results
Results from the WOW.Com Content Network
Canada has substantial potential for geothermal energy development. [1] To date, development has all been for heating applications. Canada has 103,523 direct use installations as of 2013. [2] There is currently no electricity being generated from geothermal sources in Canada although substantial potential exists in the Canadian Cordillera. [1]
Budgets are a confidence measure, and if the House votes against it the government can fall, as happened to Prime Minister Joe Clark's government in 1980. The governing party strictly enforces party discipline, usually expelling from the party caucus any government Member of Parliament (MP) who votes against the budget. Opposition parties ...
In the Annual Financial Report of the Government of Canada for 2018 - 2019, the Minister of Finance said that the budgetary deficit was $14.0 billion for the FY ending March 31, 2019 and that revenues "increased by $21.0 billion, or 6.7 per cent, from 2017–18." [2] There was an increase of 4.7 per cent ($14.6 billion) in program expenses.
The federal budget included $14 billion in new spending and $5.7 billion in tax cuts. This was the second budget of the 39th Canadian Parliament. Since the government held a minority, the budget needed support of at least one opposition party.
In June 2021, the federal government invested $964-million program in ECT in the form of "wind, solar, storage, hydro, geothermal, tidal" and other renewable energy projects to lower emissions. [8] Politicians have expressed interest in increasing the percentage of Canada's electricity generated by renewable methods.
In Canada, governments at the federal, provincial, territorial and municipal levels have the power to spend public funds. This is a list of governments by annual expenditures , in Canadian dollars .
The Canadian federal budget for fiscal year 2016–17 was presented to the House of Commons of Canada by Finance Minister Bill Morneau on 22 March 2016. The deficit was projected to be $29.4 billion for the fiscal year 2016–2017, [1] however this was adjusted to $17.8 billion by end of March 2017. [3]
It was based on a world price steadily increasing to $100 per barrel. The world oil price declined to as little as $10 per barrel in the years following. Since the federal government based its spending on the larger figure, the result was that it spent a great deal of money on subsidies that could not be recovered in taxes on production.