Read the full text of the 2023 federal budget from Finance Minister Chrystia Freeland – Ottawa Citizen

Over the next five years, the government will increase spending by nearly $60 billion
Finance Minister Chrystia Freeland’s 2023 federal budget projects program spending will reach nearly $491 billion in the coming fiscal year, with the deficit now set to reach $40 billion. Over the next five years, the government will increase spending by nearly $60 billion and no longer expects to be able to balance the books by fiscal 2027-28, as projected in the fiscal update last fall.
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To help pay for it all, Freeland is promising to find $15 billion in savings over five years by scaling back government travel, its use of outside consultants and a review of departmental spending. This is Freeland’s third budget as Canada’s top fiscal manager, but her first where the COVID-19 pandemic is not taking centre stage. Instead, the budget promises massive new investment tax credits for clean technology including electricity and critical minerals as a way for Canada to keep pace with global growth in low-carbon
industries. Read the full text of the budget, below:

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