Budget 2024 Canada

WEB Budget 2024: Investing in Innovation, Growth, and Increased Productivity in Canada

New Measures for Economic Advancement

In a bid to boost Canada's economic trajectory, Budget 2024 unveils a range of measures aimed at fostering innovation, growth, and increased productivity. These initiatives include:

• Investments in research and development (R&D) tax incentives
• Support for clean energy technologies and infrastructure
• Programs to enhance digital skills and workforce training

Fiscal Responsibility and Deficit Reduction

Budget 2024 also prioritizes maintaining a declining deficit-to-GDP ratio in 2024-25. The government aims to keep deficits below 1% of GDP in 2026-27 and subsequent years, demonstrating a commitment to long-term fiscal sustainability.

Key Budget Allocations

The budget allocates significant funding to key areas:

• $6 billion for a Canada Disability Benefit
• $1 billion for a national school food program

These investments aim to address social equity and improve the well-being of vulnerable populations.

Budget Presentation

The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, will present Budget 2024 in the House of Commons. The presentation is scheduled for [date and time]. Stay tuned for further updates and analysis on the budget's implications for Canada's economic future.

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