FEDERAL GOVERNMENT ANNOUNCES BUDGET

Mar 11, 2020

By Christine Ross

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The first budget of the Liberal minority government will be tabled March 30th.

The timing of the 2020 budget has been questioned given the negative impact the the coronavirus outbreak is having on the economy. Finance Minister Bill Morneau announced the budget date within hours of the World Health Organization declaring the virus a pandemic. He said Canada has a strong fiscal position that will help deal with the challenges Canada is facing. Before revealing the budget date, the federal government announced $1 billion to mitigate the impact of COVID-19. During the fall federal election campaign the Liberals promised billions in new spending for students, families, and the environment.

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