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]