The Canadian federal budget for the 2010–11 fiscal year (April 1, 2010 – March 31, 2011) was presented to the House of Commons of Canada by Finance Minister Jim Flaherty on March 4, 2010 after returning from a two-month prorogued parliament.[3]
 | |
| Presented | March 4, 2010 |
|---|---|
| Parliament | 40th |
| Party | Conservative |
| Finance minister | Jim Flaherty |
| Total revenue | C$231.4 billion[1] |
| Total expenditures | C$280.5 billion[1] |
| Deficit | C$33.3 billion[2] |
|
‹ 2009 2011› | |
Areas of direction
edit- $3.2 billion in personal income tax relief.
- Over $4 billion in actions to create and protect jobs.
- $7.7 billion in infrastructure stimulus to create jobs.
- Nearly $2 billion to help create the "Economy of Tomorrow"
- $2.2 billion to support industries and communities.
- Fiscal spending of $1.6 billion on unemployment benefits and $1 billion in new skills and training programs.[4]
- Youth-related spending of $108 million
During the budget speech on 4 March 2010, Flaherty announced the use of a polymer substrate for the upcoming Frontier Series of banknotes of the Canadian dollar and that future versions of the loonie ($1 coin) and toonie ($2 coin) would be made of steel instead of nickel to reduce manufacturing costs.[5]
The New Democrats and Bloc Quebecois voted against the budget, which passed due to 30 Liberal abstentions.[6]
Notes
edit- ^ a b A 10-year timeline of revenues and spending The Globe and Mail Thursday, Mar. 04, 2010
- ^ "Canada's deficits and surpluses, 1963-2014". CBC News. CBC/Radio-Canada. 18 March 2014. Retrieved 25 April 2015.
- ^ Dearing 2009.
- ^ McMurdy 2010.
- ^ Chase 2010.
- ^ "Conservative budget passes thanks to 30 Liberal absentees". The Toronto Star. 8 June 2010.
References
edit- Chase, Steven (5 March 2010). "Some change for a dollar: Money you can launder". The Globe and Mail. Retrieved 14 March 2014.
- Dearing, Stephanie (30 December 2009). "Harper moves to prorogue Canadian parliament until March 2010". Digital Journal.
- McMurdy, Deirdre (4 March 2010). "Budget 2010 a tightrope act for Canada". MSN Canada. Archived from the original on 8 March 2010. Retrieved 5 March 2010.