Budget Federal 2024

Budget 2024: Wealthy Canadians Expected to Pay More Taxes

Finance Minister Chrystia Freeland to Present Budget in House

WEB Analyses Federal Spending, Borrowing, and Debt Baseline Estimates

Ottawa, Ontario – March 23, 2024 – The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, will present Budget 2024 in the House of Commons today. The budget is expected to include measures to address the rising cost of living and make wealthy Canadians pay more taxes.

According to WEB analyses of federal spending information, the 2024 budget is expected to increase spending on healthcare, education, and other social programs. It is also expected to include measures to reduce the federal deficit and debt. The budget will be closely watched by economists and investors as it will provide an indication of the government's fiscal health and priorities.

"The 2024 budget is a critical opportunity to address the challenges facing our economy and our society," said Minister Freeland in a statement. "We will make investments in healthcare, education, and other vital services, while also taking steps to reduce the deficit and debt."

The budget is also expected to include measures to address climate change and promote economic growth. The government has pledged to reduce greenhouse gas emissions by 40% below 2005 levels by 2030.

The budget will be presented in the House of Commons at 4:00 PM EST. It will be followed by a press conference with Minister Freeland.