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Dec 7, 2020 · Winnipeg, MB – Affordable housing is an ongoing need in the Winnipeg housing market. While the City of Winnipeg is not the direct provider of housing, all governments must play a role in supporting housing efforts. In addition to the recent Council approval of $12.5 million from the Federal Rapid Housing Initiative, the Preliminary 2021 Balanced Budget Update commits $2 million from the ...
Budget 2021 does this by putting forward a plan that concentrates spending in the earliest part of the recovery in order to drive as fast of a return to normal as possible, making long-term investments in initiatives that generate large returns to society and the economy, and producing a fiscal framework that is far stronger and more sustainable than forecasted in the Fall Economic Statement.
Dec 2, 2020 · The Preliminary 2021 Balanced Budget Update includes millions of dollars in investments toward the facilities residents depend on. The annual operating budget in the Community Services Department increases by 1.6 percent from $106.9 million in 2020 to $112 million in 2023 to maintain core services and programming.
Nov 27, 2020 · Budget update sticks to the plan adopted in March and focuses the City’s response to the global pandemic while making important investments in community services and infrastructure renewalWinnipeg, MB – Today, the preliminary 2021 Balanced Budget Update for the City of Winnipeg was tabled at a special Executive Policy Committee (EPC) meeting.
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Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, released the Economic and Fiscal Update 2021. The document provides Canadians with a transparent report of the nation’s finances and updates Canadians on the government’s plan to finish the fight against COVID-19, support Canadians and Canadian businesses, and ensure a strong recovery for everyone.
December 14, 2021 - Ottawa, Ontario - Department of Finance Canada
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, released the Economic and Fiscal Update 2021. The document provides Canadians with a transparent report of the nation’s finances and updates Canadians on the government’s plan to finish the fight against COVID-19, support Canadians and Canadian businesses, and ensure a strong recovery for everyone.
Last year, the Government of Canada put in place an economic response plan with unprecedented measures to meet the unprecedented challenge of the pandemic. The plan is working: Canada has exceeded its goal of creating a million jobs, well ahead of expectations; Canada has the second-fastest jobs recovery in the G7; and Canada has recouped 106 per cent of the jobs lost at the depths of the pandemic, compared to only 83 per cent in the United States. Canada’s GDP is expected to return to pre-pandemic levels by the first quarter of 2022.
The best economic policy continues to be a strong public health policy. Canada has a world- leading vaccination campaign with 84 per cent of the eligible population (five years of age and up) having received their first dose, but the Omicron variant of concern is a reminder that work remains to end the pandemic. The Update outlines federal investments to: ensure booster shots are available, free of charge, to all eligible Canadians; procure pediatric vaccines for all eligible children; provide millions of rapid tests to provinces, territories, and Indigenous communities, for free; secure COVID-19 therapeutics; support a standard proof of vaccination credential in all provinces and territories; and more.
To protect Canada’s economic resilience in the face of possible resurgences of the virus, the government is moving forward on proposed measures including the Canada Worker Lockdown Benefit and Local Lockdown Program, which would deliver needed support to local economies and their workers should restrictions be required. Furthermore, the government has laid out a plan to help prevent outbreaks at workplaces and schools, including improvements to indoor ventilation and air quality. It is also moving forward with 10 days of paid sick leave for workers in federally regulated workplaces.
“By delivering significant fiscal policy support to the economy and avoiding the harmful austerity policies that followed 2008, our investments have supported a rapid and resilient recovery so far. In fact, we have recovered 106 per cent of the jobs lost at the peak of the pandemic. But we know there is more to do, and the future remains uncertain. As Omicron has reminded us, COVID-19 threatens us still. As 2021 draws to a close, finishing the fight against COVID-19 remains our most important national project.”
The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance
•The Economic and Fiscal Update proposes new measures to see Canadians through the pandemic and support a robust and resilient recovery. These investments include:
•$1.7 billion to increase access to rapid testing supplies across Canada, helping to identify cases early, break the chain of transmissions, and reduce outbreaks.
•$2 billion to procure lifesaving COVID-19 therapeutics and treatments.
•$100 million through the Safe Return to Class Fund and $10 million for First Nations on-reserve schools to improve ventilation in schools and protect students, teachers, school staff, and parents from outbreaks.
•The government also proposes to expand the Eligible Educator School Supply Tax Credit so teachers can claim a refundable tax credit worth 25 per cent (up from 15 per cent) of up to $1,000.
•$70 million to support ventilation projects in public and community buildings like hospitals, libraries, and community centres.
•Economic and Fiscal Update 2021
•Backgrounder: Protecting Our Recovery by Finishing the Fight Against COVID-19-
•Backgrounder: Supporting Canadians through the Recovery
•Backgrounder: A Canada-wide Early Learning and Child Care Plan
Adrienne Vaupshas
Press Secretary
Office of the Deputy Prime Minister and Minister of Finance
Adrienne.Vaupshas@fin.gc.ca
Media Relations
Department of Finance Canada
- Department of Finance Canada
Apr 23, 2021 · In 2021, job growth means green growth. This budget sets out a plan to help achieve GHG emissions reductions of 36 per cent from 2005 levels by 2030, and puts us on a path to achieve net-zero emissions by 2050. It puts in place the funding to achieve our 25 per cent land and marine conservation targets by 2025.
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Composition of Estimates. The majority of expenditures in the 2021–22 Main Estimates are transfer payments – payments made to other levels of government, other organizations and individuals. Transfer payments make up approximately 64% of expenditures or $219.0 billion. Operating and capital expenditures account for approximately 30% of ...
