Finance Minister Chrystia Freeland delivered the document in the House of Commons calling it a budget for the middle class.
It’s called “ A Recovery Plan For Jobs, Growth, and Resilience”.
Freeland talked about three main goals of this spending document.
“First we need to conquer COVID-19. That means buying vaccines and supporting territorial and provincial health care systems. It means enforcing our quarantine rules at the border, and within the country. It means providing Canadians, and Canadian businesses with the support they need to get through this third wave, and lockdowns, and come roaring back”.
The focus is also on punching our way out of the pandemic recession, and to build a stronger Canadian economy.
Among the highlights: The projected deficit is a staggering 354.2 billion dollars.
They expect to knock about 157 billion off it in this current fiscal year.
They propose 101.4 billion in spending.
That will include 30 billion towards the national child-care plan, and increasing the federal minimum wage.
17.6 billion for green investments.
They are putting 12 billion dollars towards extending the current COVID-19 business aid plans.
3 billion over 5 years to improve long term care facilities across the country, and 424 million for the safe reopening of the borders when the time comes.
Also a boost for old age pensions for Canadians 75 and older.