Government Of Canada Releases Budget 2023

The federal government has unveiled its 2023 budget, which Finance Minister Chrystia Freeland says has three main focuses -- the transition to a cleaner economy, health care and cost-of-living relief.

Freeland pointed out that Canada has made a remarkable recovery from the COVID recession.

Canada’s economic growth was the strongest in the G7 over the last year, and today, 830,000 more Canadians are employed than before the pandemic.

Inflation in Canada has fallen for eight months in a row, the unemployment rate is near its record low, and, supported by a Canada-wide system of affordable early learning and child care, the labour force participation rate for women aged 25 to 54 reached a record high of 85.7 per cent in February.

The budget includes close to 60 billion dollars of new spending over the next five years.

The Conservatives say they’ll vote against it, but the budget does have support from the NDP, so it will pass.

The NDP taking part of the credit in its deal with the federal Liberals, saying the doubling of the GST rebate and dental care for children under 18, people living with a disability and seniors, millions of Canadians are going to be able to save more money to fight the high cost of inflation.

To view the 2023 federal budget, visit Government of Canada.