1977 Canadian federal budget explained

Budget of the Canadian Federal Government
Year:1977
Country:Canada
Previous Budget:1976 Canadian federal budget
Previous Year:1976
Next Budget:April 1978 Canadian federal budget
Next Year:April 1978
Presented:31 March 1977
Parliament:30th
Party:Liberal
Minister:Donald Stovel Macdonald
Total Revenue:35.633 billion
Total Expenditures:46.512 billion
Deficit:$10.879 billion[1]

The Canadian federal budget for fiscal year 1977-1978 was presented by Minister of Finance Donald Stovel Macdonald in the House of Commons of Canada on 31 March 1977. The budget introduced wage and price controls in an attempt to control inflation. This policy had been a campaign proposal put forward by Robert Stanfield's Progressive Conservatives it the 1974 Canadian federal election, but was criticized by Pierre Trudeau at the time.[2]

External links

References

  1. Web site: Canada's deficits and surpluses, 1963-2014. CBC News. CBC/Radio-Canada. 25 April 2015.
  2. Web site: 1 April 1977 . The Leader-Post. live. https://web.archive.org/web/20200623091841/https://news.google.com/newspapers?nid=w9EjUEod0xMC&dat=19770401&printsec=frontpage&hl=fr . 2020-06-23 . 2020-06-17. news.google.com.