The Trudeau Government's 2022 federal budget includes $452.3-billion in new spending and a deficit of $52.8-billion.
OTTAWA - The 2022 federal budget has been released and the debate will begin on Parliament Hill today.
Finance Minister Chrystia Freeland unveiled the budget yesterday. It includes $452.3-billion in new spending and a deficit of $52.8-billion. You can find some of the budget highlights listed below.
- $8-billion in new military funding over the next five years.
- $4-billion for a new housing accelerator fund. Goal to create 100,000 housing units over the next five years.
- $5.3-billion over five years and $1.7-billion each year after for a national dental care program for families with incomes less than $90,000 per year. No co-payments will be required for families with an income less than $70,000. The program would start with children under 12 this year.
- $25-million for a two year pilot project for a menstrual equity fund to help make menstrual products more available to Canadians.
- $4-billion to remove systemic barriers to First Nation's children receiving health, educational or social services. This funding will fall under Jordan's Principle.
You can read the full budget online here.