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.
With variants of concern spreading and COVID-19 case counts on the rise once again in Canada, CTV News has confirmed what’s been reported by other news outlets: That the key spending document will include a three-month extension of the federal wage and rent subsidies. Set to expire in June, the supports will now be available through September, at a cost of approximately $12 billion.
First promised in the fall fiscal snapshot, a national child care plan will be among the measures the government is set to introduce to help encourage economic growth. suggested the commitment in 2021 should be for at least $2 billion and address the early childhood educator labour shortage and funding to quickly increase access to and the affordability of child care spaces.
As of the 2020 fall economic update released in November, the deficit was projected to be at least $381.6 billion in 2020-21, but was set to close in on $400 billion if Canada experienced a third pandemic resurgence with escalated restrictions, which is presently the reality in several provinces. Last month, theFactoring in new spending, the source said that the deficit will still be lower than $400 billion in Monday’s budget.
“We need an anchor that shows that the government is serious and understands that this is not all about the spending side of a ledger, there’s also a capital side of the ledger that we need to ensure that we address,” said Business Council of Canada President and CEO Goldy Hyder on Sunday’s episode of CTV’s Question Period.
Do politicians have personal budgets like federal budgets? Spend, borrow, spend, borrow. It’s easy when others pay the wages. “We are sorry for spending more of your money than we have. Pay up”.
As an ontarian, I feel lucky to have a strong federal government since my provincial government is useless
Insolvencies! Insolvencies every where!
All about the votes..throw people their own $$$$ and they jump for joy and vote liberal...WAKE UP CANADIANS!!! NOTHING IN LIFE IS FREE!!! You will be taxed to death for the money they throw at you now!!! Do you really think it is free for you
Do not have children if you can't afford to look after them. It should not be a tax payer responsibility.
That's to take care of all the new refugees with a ton of kids. Just saw a couple this week with 7 children that look like they are under 8. Ka-ching 💰💰
No clue what she is doing. Absolutely none.
This is fantastic..... The source told CTV News that Monday’s spending allocation for child care will be more than $2 billion, with strings attached, and modelled after Quebec’s system, with an aim to put it in action within the next 12 to 18 months cdnpoli Child_Care_Now
What an ugly woman🤮🤮.