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Federal budget 2021: Freeland to reveal billions in new spending, deficit under $400B, says source


 
OTTAWA
From child care, to extended pandemic aid programs and a new hiring incentive, Deputy Prime Minister and Finance Minister Chrystia Freeland’s 2021 budget is set to outline billions of dollars in new spending for measures aimed at getting the country through the rest of the pandemic and stimulating the economy, CTV News has learned.
When Freeland tables the federal budget Monday, Canadians will be provided a full picture on the state of the country’s finances.
The long-anticipated budget coming more than a year into the ongoing COVID-19 pandemic is set to outline how the Liberals intend to build the economy back from the pandemic-prompted recession. ....

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Federal budget 2021: Feds unveil $101.4B in new spending, with deficit declining


 
OTTAWA
The federal government is unveiling $101.4 billion in new spending, aimed at both supporting the country through the third COVID-19 wave, and stimulating the economic recovery post-pandemic, in a historic budget presented by Deputy Prime Minister and Finance Minister Chrystia Freeland.
From extending pandemic business and health supports, to putting $30 billion towards a national child-care plan, increasing the federal minimum wage, and promising $17.6 billion for green investments, Monday’s federal budget outlines how the federal Liberals propose to rebuild the Canadian economy in a way that “brings all Canadians along.”
The budget titled “A Recovery Plan for Jobs, Growth, and Resilience” shows that the federal deficit is projected to sit at $354.2 billion for the year that just ended, with it slated to drop to $154.7 billion in the current 2021-22 fiscal year. ....

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