plan lays out more than $56-billion in new spending over six years as part of what Finance Minister Chrystia Freeland says is a package that will boost innovation and green technology, but some economists say falls short of a long-term growth agenda.
“We are absolutely determined that our debt to GDP ratio must continue to decline,” Ms. Freeland told the House of Commons on Thursday. “The extraordinary debts we incurred to keep Canadians safe and solvent must be paid down.” Private sector economists had predicted federal revenues had improved in recent months. A mix of soaring commodity prices, strong corporate balance sheets, higher inflation and fiscal developments in recent months delivered a massive revenue windfall of $85.4-billion over six years in comparison to Ms. Freeland’s December fiscal update.
“It is a big spending budget,” he said. “It does add pressure on the wage front and that’s the big concern that the banks and everyone else has that we will end up with a wage-price spiral.” The budget includes a chart illustrating OECD data that has been widely distributed by the government’s critics that shows Canada is projected to have the lowest per-capita GDP growth among OECD countries.
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Liberals to unveil 2022 federal budget that promises billions in new spendingThe federal Liberals are set to unveil their latest spending plan today that aims to balance promises made to voters in last year's election campaign, in the pact with the NDP, and recently to Canada's global defence allies. Conservative Media pretends to care about government spending, but they never tell you Conservatives ALWAYS outspend the left while cutting government services your taxes are meant to pay for.
Source: CTVNews - 🏆 1. / 99 Read more »
Liberals set to unveil 2022 federal budget that promises billions in new spendingThe federal Liberals are set to unveil their latest spending plan today that aims to balance promises made to voters in last year's election campaign, in the pact with the NDP, and recently to Canada's global defence allies. Earthing/grounding is good for health,free & effortless,it's easy to DIY a grounding mat,pillow or sheet,no need to buy.😷🏠👣🌎 WearAMask StayHome StaySafeStayHealthy Well we r in era that needs it Should we thank our unborn great-grandchildren for this spending spree?
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Budget 2022: Tax-free savings account coming for first-time home buyers - National | Globalnews.caThe 2022 federal budget had a host of housing announcements, including a new tax-free savings account for first-time buyers and plans to ramp up the pace of building. I don't have the Xtra 💵💵💵 after all the high costs of expenses so? 💩💩💩💩
Source: GlobalNational - 🏆 81. / 51 Read more »
Budget 2022 unveils billions in 'targeted' new spending, deficit projected at $52.8B🦅 cdnmedia, 🇨🇦 Politicians & commentators regurgitate same ol' 'where's 💸 coming from?' b/c citizens might get a break 🤢 deficit “🇨🇦 has a pretty bad reputation amongst their peers, being a soft underbelly for dirty 💸 & 💸 laundering” Budget22 cdnpoli When we are rationing rice in 5 years, will we finally admit that the budget won’t balance itself?
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Politics Briefing: Federal budget to promise $10-billion to make housing more affordableAlso: Budget will also provide new defence spending, and aim to spur economic growth through green initiatives and a small-business tax cut This housing plan is a joke. It hands our keys to the Chinese. Housing can be made affordable if interest rates were set above the inflation rate. Time to normalize and allow capitalism to function efficiently. The liberal government is classic for making it look grand. Average house has doubled. Down payment is 20 percent of 800k which is the average price of a house. Who has that kind of money? Can't fix stupid. They don't give a shit about most Canadians
Source: globeandmail - 🏆 5. / 92 Read more »
Federal budget 2022 to include $10-billion for affordable housingFinance Minister Chrystia Freeland will also unveil a small business tax break, green initiatives and $8-billion in new military spending 100k new homes means nothing if the urban planning around them isn't walk/transport-centric and the economy is still asset based. how much of those homes are allocated towards affordability projs and NOT lotteries? I see the LiberalsNDP are espousing thier propaganda blaming housing prices on foreign buyers. It was LiberalsNDP largese forCERBEI had people sitting on money started bidding war's for housing INFLATION.BoC low interest rate had people borrowing money for housing and renovations All the people who had to pay way too much for their homes over the last 5 years are going to love subsidizing other people’s house too.
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