From: Women and Gender Equality Canada
Budget 2021 is the Government of Canada’s plan to finish the fight against COVID-19 and ensure a robust economic recovery that is inclusive of all Canadians. Today, Minister of Women and Gender Equality and Rural Economic Development, the Honourable Maryam Monsef, met with Alberta women-, family- and youth-serving organizations to discuss investments in early learning and childcare, as well as other supports for families introduced in Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience.
Budget 2021 is the Government of Canada’s plan to finish the fight against COVID-19 and ensure a robust economic recovery that is inclusive of all Canadians.
New Brunswick's premier says he was not surprised by the "huge spending" included in Monday's federal budget. "It's purely an election budget," Premie.
By Carol Thomson
Apr 19, 2021 4:25 PM
Canada’s Finance Minister has proposed a budget that includes more than $101-billion in new spending over the next three years leading to an estimated deficit for the fiscal year at $154.7-billion. In the first budget in two years, Christia Freeland cautioned that the deficit could increase by another $15-billion, depending on any economic slow down from the third wave of the pandemic.
Today’s proposed budget includes $30-billion for child care and early learning by 2026. Freeland says the proposal is to cut the fees for regulated spaces by 50 per cent by next year, reaching a $10 daily average by 2026.
Canada’s 2021 budget released Monday includes billions of dollars in spending to support residents through the COVID-19 pandemic.
Finance Minister Chrystia Freeland walked Canadians through the document from Queen’s Park, which contains more than $101 billion in new spending over the next four years.
“This budget is about healing the wounds from COVID-19,” Freeland said. “The goal is to meet the urgent needs of today and to build for the long term.”
The deficit for 2020-21 should sit at $354.2 billion. The sum is projected to decrease in the 2021-22 fiscal year.
Childcare
The 2021 budget included substantial funding to set up a nationwide $10-a-day childcare program. The federal government has pledged $30 billion over the next five years and $9.2 billion annually after that.
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