2024 Canadian federal budget
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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] The budget's slogan is "Fairness for every generation", suggesting the government planned to help younger people.[2]
| Presented | 16 April 2024 |
|---|---|
| Passed | 1 May 2024 |
| Parliament | 44th |
| Party | Liberal |
| Finance minister | Chrystia Freeland |
| Total revenue | 498 Billion (projected) |
| Total expenditures | 538 Billion (projected) |
| Deficit | 40 Billion (projected) |
| GDP | TBA |
| Website | 2024 budget |
|
‹ 2023 2025› | |
Background
In March 2022, the New Democratic Party agreed to a confidence and supply deal with Justin Trudeau's Liberal Party.[3]
Measures
The budget's main goal is to reduce the cost of living.[4]
Notable for science policy were increases in research spending, in particular $2.6 billion to train Canadian researchers through grants, scholarships and fellowships for graduate students, $1.3 billion to improve affordability of post-secondary education through grants, interest-free loans, and housing allowances for students, and $734 million for research infrastructure. These expenditures are expected to support more scientific research and innovation in Canada.[5][6]
Reactions
![[icon]](#/media/File:Wiki_letter_w_cropped.svg){kind=small} | This section is empty. You can help by adding to it. (April 2024) |
Legislative history
| Party | Yea | Nay | Abstention | Absent | |
|---|---|---|---|---|---|
| Liberals | 156 | ||||
| Conservatives | 116 | 2 | |||
| Bloc Québécois | 31 | 1 | |||
| New Democratic | 24 | ||||
| Green | 1 | 0 | 1 | ||
| Independents | 1 | 2 | 0 | 0 | |
| Total | 181 | 150 | 4 | ||
References
External links
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