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INDEPTH: BUDGET 2005
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CBC News Online | Updated April 27, 2005

[Note: On April 26, the Liberals and New Democrats reached an agreement-in-principle that the Liberal minority government will make changes to its 2005 budget in exchange for NDP support. The changes can be found here.]

Also in the budget:
budget
  • Ottawa's contribution to tsunami relief set at $425 million, for both the immediate humanitarian response and long-term reconstruction. This includes the $200 million earlier pledged to match the donations made by individual Canadians.

  • An additional $300 million over the next five years to help relieve the pressure on immigrant settlement and integration services.

  • A commitment by the government to spend $3.4 billion over the next five years to meet its 2002 pledge to double its international spending by 2012. [Note : Under the Liberal-NDP deal, the budget will include $500 million more for foreign aid to bring Canada in line with a promise of 0.7 per cent of GDP. A summary of the changes can be found here.]

  • $342 million set aside to fight disease in developing countries-AIDS, tuberculosis, malaria and polio.

  • $172 million for a new debt relief initiative for poor countries, and $34 million specifically aimed at the world's most heavily indebted countries.

  • $172 million annual support for the arts and culture extended over the next five years through its Tomorrow Starts Today program, for a total of $688 million.

  • An additional $60 million pledged to the CBC for 2005-2006 for radio and television programming.

  • $6 million allocated in 2005-2006 and $1 million after that to help the Canadian National Institute for the Blind digitize its collection and extend its library services across the country, to help improve the accessibility to information and the printed word for the visually impaired.

  • $6 million per year in new funding set aside for commemoration activities recognizing the contributions of the country's veterans, in addition to the $16.5 million over two years allotted to celebrations of the 60th anniversary of the end of the Second World War.

  • A new non-refundable tax credit of up to $10,000 for adoptive parents for specified expenses such as adoption agency and legal fees.

  • $295 million over five years for the construction and renovation of housing on reserves. [Note: Under the Liberal-NDP deal, the budget will now include $1.6 billion for affordable housing construction, including aboriginal housing. A summary of the budget changes can be found here.]

  • [Note: Under the Liberal-NDP deal, the budget will include a $1.5-billion increase in transfers to provinces for tuition reduction and better training through EI. A summary of the budget changes can be found here.]

  • [Note : Under the Liberal-NDP deal, the budget will include $100 million for a pension protection fund for workers. A summary of the changes can be found here.]






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