2008 Canadian federal budget
Debt | C$458.7 billion[1] |
---|---|
Website | http://www.budget.gc.ca/2008/pdf/plan-eng.pdf Responsible Leadership |
‡Numbers in italics are projections.
‹ 2007 2009› |
The
The budget included a
The budget was deemed ordinary and uncontroversial by the press. The Liberal party had pledged not to push for an election in the spring of 2008, and so guaranteed their support for the budget. The Bloc Québécois had submitted a long list of budgetary demands to be met, which effectively eliminated them from budget negotiations. They voted against the budget.[6]
Highlights
The 2008 budget was tabled on February 26, 2008. No new tax cuts were announced in the budget, but Finance Minister Jim Flaherty announced the creation of a new
Funding was also announced for public transit, infrastructures, hiring new police officers, the reconstruction of Afghanistan, a new Student Grant Program (replacing the Millennium Scholarship Fund) and for the manufacturing sectors. In addition, the government announced the creation of a new independent crown corporation to administer the Employment Insurance System while gas tax rebate fund to the cities was made permanent. 10.2 billion dollars will be spent on the payment of the national debt.[8][9]
Reception
As did in the past, the 2008 Conservative budget was met with mixed reactions. Liberal leader Stéphane Dion, while criticizing the budget as modest and being "one mile wide" and "one inch deep", said that the party will support the budget due to measures announced surrounding the manufacturing sector as well as environment due to avoiding a spring election. Both the Bloc Québécois and the NDP announced that they were voting against the budget.
The NDP argued that the budget failed to address the need for average workers while the winners were banks, polluting industries and the well-off. Social programs got one-time commitments while corporate tax cuts were granted for many years. They further mentioned that tax cuts for big business were larger than new spending by a ratio of 6 to 1. [1]
The Bloc criticized insufficient funding for the forestry sector the lack of major announcements for the province of Quebec.
Ontario
McTeague private member bill
Liberal
Though McTeague's bill passed through the
References
- ^ a b c d e Department of Finance Canada (January 27, 2009). "Canada's Economic Action Plan: Budget 2009" (PDF). Department of Finance Canada. Archived (PDF) from the original on March 13, 2009. Retrieved 2009-05-08.
- ^ "Canada's deficits and surpluses, 1963-2014". CBC News. CBC/Radio-Canada. 18 March 2014. Retrieved 25 April 2015.
- ^ "CBC News In Depth: Federal Budget 2008". cbc.ca. 2008-02-26. Archived from the original on 3 March 2009. Retrieved 2009-02-17.
- ^ "Small change for tighter times". The Globe and Mail. 2008-02-27. Archived from the original on 18 February 2009. Retrieved 2009-02-17.
- ^ CBC News (2008-02-11). "Federal budget to come down Feb. 26". CBC. Retrieved 2015-10-14.
- ^ Marissal, Vincent (February 27, 2008). "Sans surprise et sans conséquences". La Presse.
- ^ Department of Finance Canada (2008-02-26). "Tax-Free Savings Account (TSFA)". Department of Finance Canada. Archived from the original on 2008-10-12.
- ^ Canwest News Service (2008-02-26). "Budget Highlights". The Ottawa Citizen. Archived from the original on 2012-11-04.
- ^ CTV News (2008-02-26). "Help for the middle class in Tory budget". CTV. Archived from the original on February 28, 2008.
- ^ CTV News (2008-02-26). "Tory budget comes up short: Ont. finance minister". CTV.
- ^ LCN (2008-02-26). "Le budget Flaherty ne reflète pas les priorités du Québec". Canoe.ca.
- ^ Radio-Canada (2008-02-27). "Un accueil circonspect". Radio-Canada.
- ^ Beauchesne, Eric (2008-02-26). "Tories offer a grab-bag of low-cost budget goodies for Canadians". The Ottawa Citizen. Archived from the original on 2012-11-04.
- ^ CTV News (2008-02-26). "Tories introduce Tax-Free Savings Account". CTV. Archived from the original on March 2, 2008.
- ^ "McTeague's manoeuvre". The Toronto Star. March 10, 2008. Retrieved 2008-03-10.
- ^ "Constitution Act, 1867; IV.54". Archived from the original on 2006-06-14. Retrieved 2020-06-30.
- ^ a b Reynolds, Neil; The Globe and Mail: MP's ruse defeated; God save the Queen; March 19, 2008
- ^ Corry, J. A. and Hodgetts, J. E.; Democratic Government and Politics; University of Toronto Press; Toronto, 1968
- ^ "Flaherty serves notice of motion to kill Liberal RESP bill". The Canadian Press. Retrieved 2008-03-13.[permanent dead link]