2006 Canadian federal budget
| Bill C-13 | |
|---|---|
| Presented | May 2, 2006 |
| Passed | June 6, 2006 |
| Parliament | 39th |
| Party | Conservative |
| Finance minister | Jim Flaherty |
| Total revenue | C$236 billion |
| Total expenditures | C$222.2 billion |
| Program Spending | C$188.3 billion |
| Debt payment | C$33.9 billion |
| Surplus | C$13.8 billion |
| Debt | C$467.3 billion |
| Website | http://www.fin.gc.ca/budget06/pdf/bp2006e.pdf Focusing on Priorities |
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The Canadian federal budget for fiscal year 2006–2007 was presented to the Canadian House of Commons by Finance Minister Jim Flaherty on May 2, 2006. Among the most notable elements of the federal budget were its reduction of the Goods and Services Tax by one percentage point, income tax cuts for middle-income earners, and $1,200-per-child childcare payment (the "Universal Child Care Benefit") for Canadian parents.
Prime Minister Stephen Harper called the bill a message of what Canadians should expect from his Conservative minority government. Many aspects of it were criticized by opposition parties. The Liberal Party and New Democratic Party indicated that they would not support the budget, while the Bloc Québécois indicated that it would vote in favour of it.
On June 6, 2006, the budget was introduced for third reading in the House of Commons. Amid an apparent mix-up, and confusion, no MPs rose to speak. Thus, the budget was declared passed by unanimous consent a week ahead of schedule.
These initiatives are to be delivered in periods that vary from one to five years:
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