2024 Canadian federal budget

2024 (2024) budget of the Canadian federal government
Presented16 April 2024
Passed1 May 2024
Parliament44th
PartyLiberal
Finance ministerChrystia Freeland
Total revenue498 Billion (projected)
Total expenditures538 Billion (projected)
Deficit40 Billion (projected)
GDPTBA
Website2024 budget
‹ 2023
2025›

The Canadian federal budget for the fiscal years of 2024–25 was presented to the House of Commons by Finance Minister Chrystia Freeland on 16 April 2024.[1] The budget's slogan is "Fairness for every generation", suggesting the government planned to help younger people.

Background

In March 2022, the New Democratic Party agreed to a confidence and supply deal with Justin Trudeau's Liberal Party.[2]

Measures

The budget's main goal is to reduce the cost of living.[3]

Reactions


Legislative history

Legislature Results


House of Commons vote on the
Budget Implementation Act, 2024, No. 1
Party Yea Nay Abstention Absent
Liberals 156
Conservatives 116 2
Bloc Québécois 31 1
New Democratic 24
Green 1 0 1
Independents 1 2 0 0
Total 181 150 4


References

  1. ^ Taylor-Vaisey, Nick (16 April 2024). "Trudeau delivers 'Gen Z budget'". POLITICO. Retrieved 29 December 2024.
  2. ^ "Liberals, NDP agree to confidence deal seeing Trudeau government maintain power until 2025". CTV News. 22 March 2022.
  3. ^ Tasker, John Paul (16 April 2024). "Freeland's new federal budget hikes taxes on the rich to cover billions in new spending". CBC News.