12/17/2023 0 Comments Canada budget calendar![]() ![]() In a challenging global environment, make sound investments in people and workers to support Canada's transition to a prosperous, low-carbon economy – while not making short-term inflation worse or longer lasting.Inclusive and Sustainable Economic Growth Develop policy options and advice to enhance the fairness, neutrality, competitiveness, and efficiency of Canada's tax system.Develop sound policy advice based on an assessment of current and future economic conditions and sound fiscal planning.Continue to implement the fiscal plans outlined in Budget 2022 and Budget 2023.Manage the preparation of the federal budget, as well as economic and fiscal updates.In 2023–24, the Department will continue to support the Deputy Prime Minister and Minister of Finance, and the Minister of Tourism and Associate Minister of Finance in advancing the government's priorities, and intends to: It also provides advice on social measures, security issues, financial sector stability, and Canada's international commitments. ![]() This includes preparing the annual federal budget, setting overall fiscal and economic policy, and advising the government on tax and tariff policy. The Department of Finance Canada (the Department) is responsible for the overall stewardship of the Canadian economy. Today, tomorrow, and for generations to come. We'll do it by building an economy that works for everyone, where everyone can earn a good day's living for a hard day's work-from coast-to-coast-to-coast. ![]() Ensuring that remains true will be our government's focus in the weeks, months, and years ahead. These shifts represent a once-in-a-generation opportunity to build Canada's 21st century economy-an opportunity our government will continue to invest in.įrom stronger public health care, to affordable housing, to affordable child care, and ensuring our robust social safety net is there for those who need it, the investments we have made will help ensure Canada remains the best place in the world to live, work, and raise a family.įor all of the challenges facing the global economy today, there is no country better placed than Canada to thrive. At the same time, our democratic partners are seeking to shift their economic dependence away from dictatorships and towards democracies like our own. The global net-zero transition is the most significant economic transformation since the Industrial Revolution. The next few years will be critical to the Canadian economy for a generation. However, because of our country's proud tradition of sound fiscal management, Canada can afford to make essential investments in times of crisis-and in times of opportunity. Our ability to spend is not infinite, and we know that it is our responsibility, as the federal government, to not pour fuel on the fire of inflation. This still remains a time of fiscal constraint. Canada also maintains the lowest deficit and the lowest net debt-to GDP ratio in the G7, and Moody's has reaffirmed our AAA credit rating with a stable outlook. On the heels of an unprecedented recovery from the pandemic recession, our unemployment rate is near record lows, more Canadians have good jobs than ever before, and the IMF predicts Canada will see the strongest economic growth in the G7 in the fourth quarter of this year. Everyone is contending with the impact of Russia's illegal invasion of Ukraine and the difficult-to-predict consequences of China's economic reopening.įortunately, Canada is facing these global headwinds from a position of fundamental strength. The global economy is slowing down, and interest rates and inflation are elevated around the world. This is a time of real uncertainty in the global economy. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |