top of page

Chrystia Freeland Tables 2024 Budget Amidst Economic Uncertainty



Federal Finance Minister Chrystia Freeland presented the 2024 budget, proposing $52.9 billion in new spending over five years amidst a $40 billion deficit. The plan includes raising capital gains taxes, enhancing student housing support, and introducing carbon rebates. Alberta's Premier Danielle Smith criticized the budget, arguing it oversteps federal boundaries and neglects essential services like healthcare. Amidst high interest rates, Ottawa faces soaring debt servicing costs, overshadowing health care expenditures. Industry leaders and provincial officials express concerns, claiming the budget may exacerbate inflation and deter investment, despite some benefits like the National Indigenous Loan Guarantee Program.





Comments

bottom of page