2010 Canadian federal budget

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2010 (2010) Budget of the Canadian Federal Government
Presented March 4, 2010
Parliament 40th
Party Conservative
Finance minister Jim Flaherty
Total revenue C $231.4 billion[1]
Total expenditures C$280.5 billion[1]
Deficit C$33.3 billion[2]

The Canadian federal budget for the 2010-2011 fiscal year (April 1, 2010 - March 31, 2011) was presented to the Canadian House of Commons by Finance Minister Jim Flaherty on March 4, 2010 after returning from a two-month prorogued parliament.[3]

Areas of direction[edit]

  • $3.2 billion in personal income tax relief.
  • Over $4 billion in actions to create and protect jobs.
  • $7.7 billion in infrastructure stimulus to create jobs.
  • Nearly $2 billion to help create the "Economy of Tomorrow"
  • $2.2 billion to support industries and communities.
  • Fiscal spending of $1.6 billion on unemployment benefits and $1 billion in new skills and training programs.[4]
  • Youth-related spending of $108-million

During the budget speech on 4 March 2010, Flaherty announced the use of a polymer substrate for the upcoming Frontier Series of banknotes of the Canadian dollar and that future versions of the loonie ($1 coin) and toonie ($2 coin) would be made of steel instead of nickel to reduce manufacturing costs.[5]

The New Democrats and Bloc Quebecois voted against the budget, which passed due to 30 Liberal abstentions.[6]



External links[edit]