2012 Canadian federal budget
| Presented | 29 March 2012 |
|---|---|
| Passed | 14 June 2012 |
| Parliament | 41st |
| Party | Conservative |
| Finance minister | Jim Flaherty |
| Total revenue | C$255.0 billion‡ |
| Total expenditures | C$276.1 billion |
| Deficit | C$25.9 billion |
| Website | Jobs, Growth, and Long-Term Prosperity |
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‡Numbers in italics are projections. ‹ 2011
2013 ›
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‡Numbers in italics are projections.
The Canadian federal budget for fiscal year 2012–13 was presented to the Canadian House of Commons by Finance Minister Jim Flaherty on 29 March 2012. Among the most notable elements of the federal budget were changes to Old Age Security and a reduction of the budget for the Canadian Forces and the Canadian Broadcasting Corporation.
The budget presentation was also used to announce that the penny would no longer be minted as of late 2012.
These initiatives were to be delivered in periods that varied from one to five years:
Programs and departments cut as part of the budget included:
As a result of the budget, in April 2012 the CBC announced it would cut its English Services budget by $86 million, of which $43 million was a reduction of programming and the remainder the elimination of 256 jobs. It said it would also cut jobs in other departments, totalling 650 throughout the corporation. The changes took effect in June 2012. It cancelled the TV series InSecurity and the television program Connect with Mark Kelley. The changes included a reduction of the budget for CBC News by $10 million, the elimination of 88 jobs in that division, and the shuttering of its news bureaus in South America and Africa.CBC Radio had its budget reduced by $3 million, eliminated 18 jobs, and stated it would no longer commission radio dramas. Other programming cuts included the radio program Dispatches and CBC Sports, which had a $4 million budget reduction and recast Sports Weekend as a seasonal program. Compared to its budget in 2011–12, the CBC operating budget was cut by $27.8 million in 2012–13, $69.6 million in 2013–14, and $115 million in 2014–15.
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