2024 Canadian federal budget explained

budget of the Canadian federal government
Year:2024
Country:Canada
Previous Budget:2023 Canadian federal budget
Previous Year:2023
Next Budget:2025 Canadian federal budget
Next Year:2025
Presented:16 April 2024
Passed:1 May 2024
Parliament:44th
Party:Liberal
Minister:Chrystia Freeland
Total Revenue:498 Billion (projected)
Total Expenditures:538 Billion (projected)
Deficit:40 Billion (projected)
Gdp:TBA
Url:https://www.budget.canada.ca/2024/home-accueil-en.html

The Canadian federal budget for the fiscal years of 2024–25 was presented to the House of Commons by Finance Minister Chrystia Freeland on 16 April 2024.[1]

Background

In March 2022, the New Democratic Party agreed to a confidence and supply deal with Justin Trudeau's Liberal Party.[2]

Measures

The budget's main goal is to reduce the cost of living.[3]

Legislative history

House of Commons vote on the
Budget Implementation Act, 2024, No. 1
Party width=60pxYea width=60pxNay width=60pxAbstentionwidth=60pxAbsent
156
Conservatives1162
Bloc Québécois311
New Democratic24
Green101
Independents1200
Total 1811504

External links

Notes and References

  1. https://www.politico.com/news/2024/04/16/trudeau-gen-z-budget-canada-00152641
  2. Web site: Liberals, NDP agree to confidence deal seeing Trudeau government maintain power until 2025 . CTV News. 22 March 2022 .
  3. https://www.cbc.ca/news/politics/federal-budget-2024-main-1.7175052