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2024( 2024)budget of the Canadian federal government. The Canadian federal budget for the fiscal years of 2024–25 was presented to the House of Commons by Finance Minister Chrystia Freeland on 16 April 2024. [1]
In Canada, federal budgets are presented annually by the Government of Canada to identify planned government spending and expected government revenue, and to forecast economic conditions for the upcoming year. They are usually released in February or March, before the start of the fiscal year . All the Canadian provinces also present budgets.
The Canadian federal budget for the fiscal years of 2023–24 was presented to the House of Commons by Finance Minister Chrystia Freeland on 28 March 2023. [2] The budget was meant to reflect Prime Minister Justin Trudeau 's stated policy objective to "make life more affordable for Canadians" [3] while also reducing government expenditures.
The budget's main goal is to reduce Canada's debt-to-GDP ratio, mostly through a review of all government spending. Our ability to spend is not infinite. The time for extraordinary COVID support is over. — Chrystia Freeland, Budget 2022: Address by the Deputy Prime Minister and Minister of Finance. However, the budget increases Canada's ...
v. t. e. Several policies regarding interior and domestic issues in Canada were planned and adopted by the Canadian Cabinet, chaired by Prime Minister Justin Trudeau, following the October 19, 2015 election of the Liberal Party to a majority of seats in the House of Commons, such as social and environmental policies.
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 .
Canadian public debt, or general government debt, is the liabilities of the government sector. [1] : 23 Government gross debt consists of liabilities that are a financial claim that requires payment of interest and/or principal in future. [2] : 207 They consist mainly of Treasury bonds, but also include public service employee pension liabilities.
The following list outlines the structure of the federal government of Canada, the collective set of federal institutions which can be grouped into the legislative, executive, and judicial branches. In turn, these are further divided into departments, agencies, and other organizations which support the day-to-day function of the Canadian state.