This article needs additional citations for
verification. (September 2018) |
Presented | March 23, 2004 |
---|---|
Passed | Not Passed |
Parliament | 37th |
Party | Liberal |
Finance minister | Ralph Goodale |
Total revenue | C$211.9 billion [1] |
Total expenditures | C$210.5 billion [1] |
Program Spending | C$176.4 billion [1] |
Debt payment | C$34.1 billion [1] |
Surplus | C$1.5 billion [1]‡ |
Debt | C$494.7 billion [1] |
Website | Budget Plan 2004 |
‡Surplus was used to pay down the federal debt.
‹
2003
2005› |
The Canadian federal budget of 2004 was a budget for the Government of Canada. It was read in the House of Commons of Canada on March 23, 2004, by Finance Minister Ralph Goodale of the governing Liberal Party. It was prepared by Goodale with significant input from Prime Minister Paul Martin, who had previously served as Minister of Finance in the government of Jean Chrétien.
The budget contained few surprises: most major initiatives had been announced long beforehand. These included $2 billion for health care, money for municipalities, and $1 billion to help livestock farmers harmed by the Mad Cow crisis. Government spending was set to increase at the same rate as Gross domestic product (GDP) over the next few years with any surplus going to pay down the national debt.
This section is empty. You can help by
adding to it. (March 2024) |
The budget was criticized by the Conservative Party for its lack of tax cuts and its increases in spending. The New Democratic Party criticized the policy of debt reduction, arguing that social spending, especially on health care, would be more beneficial.
Before the budget could be passed, parliament was dissolved for the 2004 election. The budget legislation was appended to the 2005 budget that was passed the next year.
This article needs additional citations for
verification. (September 2018) |
Presented | March 23, 2004 |
---|---|
Passed | Not Passed |
Parliament | 37th |
Party | Liberal |
Finance minister | Ralph Goodale |
Total revenue | C$211.9 billion [1] |
Total expenditures | C$210.5 billion [1] |
Program Spending | C$176.4 billion [1] |
Debt payment | C$34.1 billion [1] |
Surplus | C$1.5 billion [1]‡ |
Debt | C$494.7 billion [1] |
Website | Budget Plan 2004 |
‡Surplus was used to pay down the federal debt.
‹
2003
2005› |
The Canadian federal budget of 2004 was a budget for the Government of Canada. It was read in the House of Commons of Canada on March 23, 2004, by Finance Minister Ralph Goodale of the governing Liberal Party. It was prepared by Goodale with significant input from Prime Minister Paul Martin, who had previously served as Minister of Finance in the government of Jean Chrétien.
The budget contained few surprises: most major initiatives had been announced long beforehand. These included $2 billion for health care, money for municipalities, and $1 billion to help livestock farmers harmed by the Mad Cow crisis. Government spending was set to increase at the same rate as Gross domestic product (GDP) over the next few years with any surplus going to pay down the national debt.
This section is empty. You can help by
adding to it. (March 2024) |
The budget was criticized by the Conservative Party for its lack of tax cuts and its increases in spending. The New Democratic Party criticized the policy of debt reduction, arguing that social spending, especially on health care, would be more beneficial.
Before the budget could be passed, parliament was dissolved for the 2004 election. The budget legislation was appended to the 2005 budget that was passed the next year.