BUDGET 2009
Federal spending
Where the money's going
Last Updated: Monday, January 26, 2009 | 11:23 PM ET
CBC News
IN DEPTH: Federal budget 2009
- YOUR VIEW: What in this budget most affects you?
- CITIZEN BYTE: Daycare? A single parent reacts to the budget
- YOUR VOTE: How does this budget help you?
- CITIZEN BYTE: A young man shares story of economic success in his town
- MAP: Reaction to the 2009 Budget
- VIDEO: Margo McDiarmid reports: Ignatieff puts Tories 'on probation' with budget demand
- VIDEO: The National's economic panel shares its thoughts on the budget (Jan. 27)
- VIDEO: Marivel Taruc reports: Mixed feelings on the budget from the business community
Documents
- Full federal budget
- Complete budget documents at Ministry of Finance website
- Economic action plan
- Overview of economic stimulus
- Home renovation tax credit
- Eligibility and time frame
- Taxes
- Personal income tax, homeowners taxes
Analysis
- Bad-times budget delivers billions in tax cuts, spending
- How the spending breaks down
- Where the money is coming from
- Where the money is going
- VIDEO: Peter Mansbridge interviews Jim Flaherty after the budget speech
- INFRASTRUCTURE MAP: What the provinces were looking for, and what the federal budget delivered
- INTERACTIVE: Budget by the numbers
- Few surprises as government turns on the spending taps
- Flaherty vows tax cuts, incentives for homeowners
- VIDEO: What's in the budget for homeowners
- Conservatives make plans for national securities regulator
- $12B for infrastructure forms key pillar of stimulus package
- VIDEO: Details of the infrastructure spending package
- Forestry association welcomes budget; union angered
- Unemployed workers get boost in budget
- VIDEO: Budget provisions for unemployment
- All maxed out? Budget measures would improve credit access
- Environment gets lift in budget pledges
- Funding for arts and sciences still on the bill
- Budget allocates $438M to cultural spending
- Houses, Arctic research facility among budget goodies for North
- Early reviews mixed from Ignatieff; more expected Wednesday
- Budget sparks mixed reaction from mayors
- Federal budget calls for partnership from provinces: B.C. premier
- Alberta cities, province optimistic about federal budget, but need more details
- Calgary mayor encouraged by stimulus budget
- Saskatchewan seeks more details about federal budget
- Quebec argues Ottawa shorted province $1B in federal budget
- Defeat PM over 'vindictive, nasty' budget, N.L. premier tells Liberals
- Matching infrastructure funds a struggle for P.E.I.: Treasurer
- COLUMN: Keith Boag - Will a little red ink buy Harper the time he needs?
- VIDEO: Neil Macdonald on the track record of government stimulus spending (Jan. 26)
- PROFILES: The finance minister's advisory council
- MYTH/FACT: PM Harper's 2008 economic comments
- ARCHIVES: Looking back at notable budgets of the past
- IN DEPTH: The Bottom Line - things you need to know to weather the turbulent economy
Features
- The demise of the secret budget
- Debate heats up about Ottawa's stimulus strategy
- Evaluating Ottawa's tax-strategy options
- Deficit spending - the return of red ink
Sector by sector
- Bailout ready to go, but auto sector takes its cues from Detroit
- Waiting for a 'jobs' budget
- Health care: How to blow a bundle and be better for it
- Military spending: Funding the Forces
- Ailing forestry industry asks for help in federal budget, not a bailout
- Is Canada the answer to U.S. energy worries?
- AUDIO: Alison Myers reports: The oil industry's wish list for the budget (Runs 1:36)
- Carbon capture: How easy is it to nab greenhouse gases at the smokestack?
- YOUR MONEY: How the economy is affecting you
The budget math is fairly straightforward: Increased spending on economic stimulus measures plus an economic downturn equal ballooning expenses for the federal government.
Ottawa expects to spend $258.6 billion in 2009-10, up about nine per cent from a projected $237.4 billion in the current 2008-09 fiscal year that ends in March. The government spent $232.8 billion in 2007-08.
For the first time in more than a decade, this would leave less money in the kitty than what the government has spent: projected deficits of $1.1 billion for 2008-09 and $33.7 billion for 2009-10.
Here’s a more detailed breakdown of the government’s proposed spending. All figures are in billions of dollars:
Share Tools
Top News Headlines
- Canadian Pacific strikers face back-to-work legislation
- Labour Minister Lisa Raitt is prepared to end the Canadian Pacific Railway strike if necessary, after both CP and the union rejected a proposal for voluntary arbitration by the government-appointed negotiator on Sunday. Raitt says she is "extremely disappointed." more »
- Syrian regime denies role in Houla massacre
- The UN Security Council condemned the Syrian regime at an emergency meeting Sunday, holding president Bashar al-Assad's military responsible for the massacre of more than 100 people, dozens of whom were children younger than 10 years old. more »
- Ryder Hesjedal wins prestigious Giro d'Italia
- Victoria native Ryder Hesjedal has become the first Canadian to win one of the cycling world's three Grand Tour events, wrapping up the 2012 Giro d'Italia with an excellent performance in the final stage in Milan. more »
- Neighbour may have helped find missing kids in Mexico
- Two Winnipeg children who had been missing for nearly four years were found in Mexico after a man raised concerns about his neighbour, according to a private investigator. more »
Latest Business Headlines
- Bankia asks Spain for €19B
- The board of directors of Spain's troubled bank, Bankia, has asked the Spanish government for €19 billion ($24.5 billion Cdn) in financial support. more »
- EI reforms aim to boost employment, Flaherty says
- Finance Minister Jim Flaherty defended his government's proposals to change employment insurance, saying the aim is to remove "disincentives to employment." more »
- Employment Insurance review boards to be scrapped
- The federal government is scrapping two review boards used by people appealing decisions made about their employment insurance. more »
- Ottawa moves to limit foreign investment reviews
- The federal government is raising to $1 billion the amount of foreign money that can go into a Canadian company before the investment is reviewed. The review has been used in the past to block foreign takeovers of MDA and Potash Corp. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 11576.47 | 0 |
| DOW | 12454.83 | 0 |
| NASDAQ | 2837.53 | 0 |
| SP 500 | 1317.82 | 0 |
| NYSE COMPOSITE | 7534.32 | 0 |
| AMEX | 2227.37 | 0 |
| TSX-VENTURE | 1309.27 | 0 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
Business Features
- Seniors float above Montreal's Quartier Latin
- Accused in blast that killed Alberta mom handled her funds
- Remains found in bag on Cape Breton river ID'd
- Neighbour may have helped find missing kids in Mexico
- Quebec students and province to resume talks
- Lip-dub marriage proposal an internet hit
- Syrian regime denies role in Houla massacre
- B.C. NDP calls for unity in fighting coast guard closure
- Canadian Pacific strikers face back-to-work legislation

