1982 Canadian federal budget explained

Budget of the Canadian Federal Government
Year:1982
Country:Canada
Previous Budget:1981 Canadian federal budget
Previous Year:1981
Next Budget:1983 Canadian federal budget
Next Year:1983
Presented:28 June 1982
Parliament:32nd
Party:Liberal
Minister:Allan MacEachen
Total Revenue:67.430 billion
Total Expenditures:96.479 billion
Deficit:$29.049 billion[1]

The Canadian federal budget for fiscal year 1982-1983 was presented by Minister of Finance Allan MacEachen in the House of Commons of Canada on 28 June 1982. The budget angered public sector unions by imposing a wage restraint package limiting wage increases to six and five percent in the following two years. (This was at a time when double-digit interest rates and inflation were common.)[2]

External links

Notes and References

  1. Web site: Canada's deficits and surpluses, 1963-2014. CBC News. CBC/Radio-Canada. 25 April 2015.
  2. Web site: 29 June 1982 . The Leader-Post. live. https://web.archive.org/web/20220317194711/https://news.google.com/newspapers?nid=w9EjUEod0xMC&dat=19820629&printsec=frontpage&hl=fr . 2022-03-17 . 2020-06-17. news.google.com.