The Canadian federal budget for the fiscal years of 2024–25 was presented to the House of Commons by Finance Minister Chrystia Freeland on 16 April 2024.[1] The budget's slogan is "Fairness for every generation", suggesting the government planned to help younger people.[2]

Background

In March 2022, the New Democratic Party agreed to a confidence and supply deal with Justin Trudeau's Liberal Party.[3]

Measures

The budget's main goal is to reduce the cost of living.[4]

Notable for science policy were increases in research spending, in particular $2.6 billion to train Canadian researchers through grants, scholarships and fellowships for graduate students, $1.3 billion to improve affordability of post-secondary education through grants, interest-free loans, and housing allowances for students, and $734 million for research infrastructure. These expenditures are expected to support more scientific research and innovation in Canada.[5][6]

Reactions


Legislative history

Legislature Results


House of Commons vote on the
Budget Implementation Act, 2024, No. 1
Party Yea Nay Abstention Absent
Liberals 156
Conservatives 116 2
Bloc Québécois 31 1
New Democratic 24
Green 1 0 1
Independents 1 2 0 0
Total 181 150 4


References

  1. ^ Taylor-Vaisey, Nick (16 April 2024). "Trudeau delivers 'Gen Z budget'". POLITICO. Retrieved 29 December 2024.
  2. ^ Canada, Department of Finance (16 April 2024). "Budget 2024". www.budget.canada.ca. Retrieved 6 March 2025.
  3. ^ "Liberals, NDP agree to confidence deal seeing Trudeau government maintain power until 2025". CTV News. 22 March 2022.
  4. ^ Tasker, John Paul (16 April 2024). "Freeland's new federal budget hikes taxes on the rich to cover billions in new spending". CBC News.
  5. ^ Canada, Department of Finance (30 May 2024). "Budget 2024: Supporting the Next Generation of Researchers and Innovators". www.canada.ca. Retrieved 6 March 2025.
  6. ^ "Funding the future : Canada's investment in research during critical times". open.spotify.com (Podcast) (in English and French). Ottawa: Canadian Science Policy Centre. 2025. Retrieved 6 March 2025.
Allikas: http://en.wikipedia.org/wiki/2024_Canadian_federal_budget
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