WEB Budget 2024: Investing in Innovation, Growth, and Productivity in Canada
Budget Highlights
The 2024 federal budget, released today, lays out approximately $53 billion in new spending over five years. Key highlights include: *
Innovation and Economic Growth
* Investments in research and development, including increased funding for the Strategic Innovation Fund * Support for clean energy technologies and the transition to a low-carbon economy * Measures to encourage business investment and job creation *
Social Programs
* A $6 billion Canada Disability Benefit to provide financial assistance to individuals with disabilities * A $1 billion investment in affordable housing * Increased funding for healthcare and early childhood education *
Fiscal Responsibility
* Plans to reduce the federal deficit over time * Commitment to balanced budgets in the medium term * Investments in infrastructure and public services
Government Priorities
The budget reflects the government's priorities of: * Fostering innovation and economic growth * Investing in social programs that support Canadians * Ensuring fiscal responsibility and sustainability
Public Consultations
The government has launched consultations to gather input from Canadians on their budget priorities. The consultations will run from December 12, 2023, to February 28, 2024.
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