2009 Canadian federal budget
| Presented | January 27, 2009 |
|---|---|
| Passed | February 3, 2009 |
| Parliament | 40th |
| Party | Conservative |
| Finance minister | Jim Flaherty |
| Total revenue | C$218.6 billion |
| Total expenditures | C$274.2 billion |
| Debt payment | C$29.4 billion |
| Deficit | C$55.6 billion |
| Debt | C$519.1 billion |
| Website | http://www.budget.gc.ca/2009/pdf/budget-planbugetaire-eng.pdf Canada's Economic Action Plan |
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The Canadian federal budget for the 2009-2010 fiscal year was presented to the Canadian House of Commons by Finance Minister Jim Flaherty on January 27, 2009. The federal budget included $40 billion in stimulus and $20 billion in personal income tax cuts.
The Budget Implementation Act, 2009 was introduced in the House of Commons on February 6, 2009, and it received royal assent on March 12, 2009, enacting the legislative changes necessary to implement the budget. It was announced as the "Budget 2009: Economic Action Plan", with accompanying publicity.
Some of the key items in the Economic Action Plan budget were:
The NDP, and Bloc announced shortly following the presentation of the budget that they would not support it in its initial form, but the budget was passed on February 3, 2009, with the support of the Liberals after the government agreed to support a Liberal amendment to the budget motion calling for regular reports to parliament on the implementation and costs of the budget. All MPs for the NDP and the Bloc and the six Liberal members from Newfoundland and Labrador voted against the budget.
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