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The Canadian federal budget for the fiscal years of 2020–21 and 2021–22 was presented to the House of Commons by finance minister Chrystia Freeland on 19 April 2021. [5] The Canadian government did not produce a budget in 2020 due to the COVID-19 pandemic. Instead, the government produced a series of economic updates and stimulus plans ...
The process of creating the budget is a complex one which begins within the working ranks for the Federal Government. Each year, the various departments that make up the Government (for example, Health, Transportation, Foreign Affairs, National Defence, Industry, CRA, etc.) submit what are called 'The Main Estimates' to The Treasury Board ...
This article lists countries alphabetically, with total government expenditure as percentage of Gross domestic product (GDP) for the listed countries. Also stated is the government revenue and net lending/borrowing of the government as percentage of GDP. All Data is based on the World Economic Outlook Databook of the International Monetary Fund.
Approximately half of Canadian general government gross debt in 2021 was debt of the federal (central) government ($1,570 billion or 62.5% of GDP), and half was debt of the PTLGs. [5] Public debt is sustainable when it "does not grow continuously as a share of the economy". [ 7 ]
Canada's 2021–2022 budget was presented by Finance Minister Chrystia Freeland on April 19, 2021. It was Canada's first budget after the 2019 elections and the start of the COVID-19 pandemic. It included, among other things, the creation of a national $10 per day childcare plan. [47]
Canada recorded a slightly lower C$14.50 billion ($10.09 billion) budget deficit for the first seven months of the 2024/25 fiscal year compared to the previous year as revenues grew faster than ...
Bill C-30 implemented the legislative items from the 2021 budget, including additional COVID-19 aid in the form of creating the Canada Recovery Hiring Program, extending both the Canada Emergency Wage Subsidy and Canada Emergency Rent Subsidy to the end of September, extending the Canada Recovery Benefit at a reduced rate, transferring $1 ...
Canada's budget deficit for the first six months of the 2024-25 fiscal year jumped by more than a half to C$13.01 billion ($9.28 billion) as program expenses and debt payment costs rose faster ...