Home Economy Morneau to deliver federal budget on March 30

Morneau to deliver federal budget on March 30

by The Canadian Press

Finance Minister Bill Morneau says the federal Liberals will deliver the 2020 budget on March 30.

This year’s budget will be the first of the government’s minority mandate, and Morneau has said it will have a climate lens.

But the outbreak of the novel coronavirus has changed some spending plans.

Morneau said last week the budget will likely include an increased contingency fund should the economic hit from COVID-19 be prolonged and deep.

The budget deficit is projected to be $28.1 billion before any new spending the Liberals will add to meet platform commitments, such as the first steps towards a national pharmacare program.

Speaking in the House of Commons Wednesday, Morneau touted the federal government’s fiscal position as a way to deal with any economic challenges, particularly those facing the economy today.

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