2010 Canadian federal budget

2010 (2010) Budget of the Canadian Federal Government
PresentedMarch 4, 2010
Parliament40th
PartyConservative
Finance ministerJim Flaherty
Total revenueC$231.4 billion[1]
Total expendituresC$280.5 billion[1]
DeficitC$33.3 billion[2]
‹ 2009
2011›

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]

Areas of direction

  • $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

  1. ^ a b A 10-year timeline of revenues and spending The Globe and Mail Thursday, Mar. 04, 2010
  2. ^ "Canada's deficits and surpluses, 1963-2014". CBC News. CBC/Radio-Canada. 18 March 2014. Retrieved 25 April 2015.
  3. ^ Dearing 2009.
  4. ^ McMurdy 2010.
  5. ^ Chase 2010.
  6. ^ "Conservative budget passes thanks to 30 Liberal absentees". The Toronto Star. 8 June 2010.

References

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