MPs to quiz Morneau on COVID-19 bailout as PBO releases new estimates

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MPs to quiz Finance Minister Morneau on COVID-19 bailout as PBO releases new estimates cdnpoli

The reports this morning from budget officer Yves Giroux say a special GST credit payment to 13.2 million people will cost $5.67 billion.

And reducing by 25 per cent the amount seniors have to withdraw this year from registered retirement income funds will cost $506.5 million, the budget officer says. Morneau said Wednesday that two of the measures would have a combined cost of $95 billion -- $71 billion for a 75-per-cent wage subsidy, and $24 billion for a direct benefit to workers who have lost their income due to COVID-19.

 

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