2022 Canadian federal budget
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 Official logo of Budget 2022 | |
| Submitted to | House of Commons |
|---|---|
| Presented | 7 April 2022 |
| Passed | 9 June 2022 |
| Country | Canada |
| Parliament | 44th |
| Party | Liberal |
| Finance minister | Chrystia Freeland |
| Total revenue | CA$408.4 billion (projected) |
| Total expenditures | CA$452.3 billion (projected) |
| Deficit | CA$36.4 billion (projected)[1] |
| GDP | TBA |
| Website | Budget 2022 |
|
‹ 2021 2023› | |
The 2022 Canadian federal budget for the fiscal years of 2022–23, known as Budget 2022, was presented to the House of Commons by Finance Minister Chrystia Freeland on 7 April 2022.[2][3]
The COVID-19 pandemic had forced the Justin Trudeau government to introduce a large number of federal aid programs to deal with the economic impact of the crisis. As a result, Canada's debt-to-GDP ratio increased in 2020 and 2021.[4]
In March 2022, the New Democratic Party agreed to a confidence and supply deal with Justin Trudeau's Liberal Party.[5]
Measures
The budget's main goal is to reduce Canada's debt-to-GDP ratio, mostly through a review of all government spending.
Our ability to spend is not infinite. The time for extraordinary COVID support is over.
— Chrystia Freeland, Budget 2022: Address by the Deputy Prime Minister and Minister of Finance
However, the budget increases Canada's military expenditures. It also includes a limited dental care program, as promised in the Liberal-NDP deal.[6][7]
Reactions
According to left-leaning political scientist David Moscrop, the budget is a fiscally conservative document that includes too few new social programs for Canadians.[6]
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