2019 Canadian federal budget
The Canadian federal budget for fiscal year 2019–2020 was presented to the House of Commons by Finance Minister Bill Morneau on March 19, 2019. This was the last budget before the 2019 federal election. The deficit is projected to rise to $19.8 billion, after including a $3 billion adjustment for risk. The budget introduced $22.8 billion of new spending over six years. The budget will not make any changes to the income tax brackets for individuals or corporations. This was later refined to $39.4 billion when the Annual Financial Report of the Government of Canada for Fiscal Year 2019–2020 was released.
| Presented | March 19, 2019 |
|---|---|
| Parliament | 42nd |
| Party | Liberal |
| Finance minister | Bill Morneau |
| Total revenue | $338.8 billion (Projected) 334.1 billion (Actual) |
| Total expenditures | $355.6 billion (Projected) 373.5 billion (Actual) |
| Deficit | $19.8 billion (Projected) 39.4 billion (Actual) |
| GDP | 2,337,684 |
| Website | https://www.budget.gc.ca/2019/docs/plan/budget-2019-en.pdf |
‹ 2018 2021 › | |
The projected deficit of $19.8 billion would result in a deficit of ca. 0.9% of GDP. At the same time the GDP grew by 1.6% in 2019.
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