Finance ministers push Morneau for stabilization, health-care money

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 99%

Business News News

Business Business Latest News,Business Business Headlines

The country's finance ministers are meeting in Ottawa today, with more federal help for resource-dependent provinces such as Alberta on the agenda.

All provinces say a federal program that cushions provincial budgets from sudden shocks needs to be more generous.

The fiscal-stabilization program is easier to change than the more complex equalization program, and amendments could be worth billions to provinces whose finances have been hit by low oil prices. They want the program revised to eliminate a $60-per-person cap on payments and to allow retroactive payments that could be worth billions to Alberta in particular.

Unlike equalization payments, fiscal-stabilization money comes straight from federal revenues, which made it easy for provincial premiers to agree earlier this month that expanding the program is a top priority. Federal Finance Minister Bill Morneau will also face calls for more transfers of federal money for health care.Federal Finance Minister Bill Morneau speaks to the media at the First Ministers conference Friday, December 7, 2018 in Montreal.THE CANADIAN PRESS/Ryan Remiorz

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It would be better if they pushed him to be financially responsible.

RESIGN

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tax advantage was better in Canada even after Trump cuts, Finance document saysThe August 2018 analysis said the American tax reforms had “reduced, but not eliminated” the tax advantage for businesses north of the border Morneau is on a different planet. One where everyone inherits massive fortunes from their daddy. hahahaha Sure it was--that's why companies are moving from Canada to the US....LOL!
Source: nationalpost - 🏆 10. / 80 Read more »