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The 2023 budget is the seventh budget document introduced in the House of Commons under the premiership of Justin Trudeau. It comes at the heel of the first anniversary of the Russian invasion of Ukraine, following which Canada sent one billion dollars in military aid to Ukraine. [5]
2023 Canadian federal budget A Made-in-Canada Plan: Strong Middle Class, Affordable Economy, Healthy Future: 2023–24 28 March 2023 C-47: Royal Assent (22 June 2023)
40 countries with the highest military spending worldwide in 2023 [1] ... Canada: 24.2 16: Poland: 23.5 17: United Arab Emirates: ... Military budget;
In the 2022 federal budget, the impending program was estimated to cost $1.7 billion annually. [2] The 2023 Canadian federal budget allocated $23 million over two years to collect oral health data for use of the program, [2] $13 billion for Health Canada to implement the program over five years, and $4.4 billion annually thereafter for program ...
In August 2023, Canada's inflation rate reached four percent, primarily driven by increased gas prices. [35] Food inflation rates reached 8.5 percent. [36] In November 2024, Canada's annual inflation rate rose to 2.0% in October, exceeding analyst expectations and marking the first increase since May 2024. [37]
The economy of Canada is a highly developed ... As of 2023, Canada is a signatory to 15 free ... Canada's first inflation-targeting in the 1991 federal budget. ...
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.
According to the Parliamentary Budget Officer (PBO) September 3, 2020, report, in 2018–2019 total federal transfers—which included $38.6 billion through the Canada Health Transfer (CHT), $14.2 billion through the Canada Social Transfer (CST), and $19.0 billion through the Equalization transfer—had increased over the ten-year period from ...