Budget 2024: Key numbers from the Liberals' latest spending plan

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OTTAWA — Here are some key numbers from the Liberal government's federal budget: $535 billion: Total government spending for the 2024-25 financial year. $39.

$535 billion: Total government spending for the 2024-25 financial year.

$39.8 billion: The total deficit, just shy of the $40-billion projection in the fall economic statement.$8.5 billion: What's being spent to spur new housing.$2.6 billion: What the Liberals say will go towards"generational fairness" to ease education costs and create new job opportunities for younger Canadians.

$19.4 billion: The amount of revenue Ottawa expects to get from five years of targeted changes to capital gains taxes. $1.5 billion: The five-year cost of universal coverage of contraceptives and diabetes medicine and supplies over the next five years. $1.7 billion: What Ottawa thinks it will get in five years from an increase to the excise tax rates for tobacco products.1.76: The percentage of GDP that defence spending will account for by 2030, still shy of the two per cent NATO target.This report by The Canadian Press was first published April 16, 2024.

 

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