Federal Budget 2024: Trudeau government stresses affordability while opposition slams fiscal plan

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Published 2024-04-16
Canadian Finance Minister Chrystia Freeland delivered the 2024 federal budget in Ottawa on Tuesday, which kept the deficit capped at $40 billion due to higher-than-expected government revenues and new taxes that largely offset billions in new spending.

Freeland presented the federal budget in the House of Commons in the afternoon, which pledges $53 billion in new spending that she says is focused on economic justice for younger generations.

"We are moving with purpose to help build more homes, faster. We are making life cost less. We are driving the kind of economic growth that will ensure every generation of Canadians can reach their full potential," said Freeland in her opening remarks.

Afterwards, Conservative Leader Pierre Poilievre did not take questions from reporters but was quick to slam the spending, comparing the “wasteful inflationary budget” to a “pyromaniac spraying gas on the inflationary fire.” Meanwhile, NDP Leader Jagmeet Singh expressed that he was concerned that the Liberals “ignored” the opportunity to “take on corporate greed.”

00:00:00 - Global News 2024 Federal Budget Special starts
00:02:13 - Finance Minister Chrystia Freeland speaks in House of Commons
00:26:21 - Global's David Akin and Mercedes Stephenson on carbon rebates, political calculations
00:52:09 - NDP Leader Jagmeet Singh reacts to 2024 federal budget
01:04:28 - Global's Mackenzie Gray breaks down numbers behind the budget
01:07:30 - Conservative Leader Pierre Poilievre reacts to 2024 budget in House of Commons
01:14:12 - Economist David McDonald on what is missing from budget
01:20:44 - Borrowell CEO Andrew Graham on budget effectiveness

For more info, please go to globalnews.ca/news/10419196/federal-budget-2024-he…

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All Comments (21)
  • @user-rw3rf2fy5n
    We will leave next few generations nonpayable debt and a broken 3rd world country
  • Who gives a care at this point? Canadians demand a confidence vote. The NDP need to do what is right by Canadians.
  • @ArenAurelius
    Ask the Consumers about Chronic Inflation. Don't ask your Government !!!!!!!
  • Welcome to 1981 with Trudope Sr was in power. Fasten your sealt belts!! Good luck. 🍀
  • @LizA0488
    Housing and legal assistance for asylum seekers but nothing for seniors housing. 8 yr wait lists.
  • @sky_daddy333
    My parents could have a house, land, cars. Mom stayed home and raised us they weren’t rich but we had THE BASISCS. I work for the federal government and I can’t afford to have children, a house or my wife to stay home and raise the kids. THERE IS NO INSENSITIVE FOR US TO WORK ANYMORE
  • We are waiting for élection to kick out Liberal-NDP government
  • @MrSoulcross1
    So. On the housing….. $8.5billion into 4 million isn’t even $2000 per home. Who’s paying for the rest?? That’s not even a mortgage pymnt. Did Freeland even USE a calculator??
  • That's exactly what I am saying if they don't raise taxes for the low-class and middle-class. Now there's a possibility for high-class and big businesses (Big corporations and Big Companies) to raise taxes. Now there's gonna be a huge problem for big businesses (Corporations and Companies) because if they don't meet or make enough money to survive there's gonna be changes for example reducing their staff and raising product prices.
  • @ArenAurelius
    Giving more cash to Ukraine in 2024 !? A priority. No!?
  • @mrmelmba
    The approach to home construction should be revised commensurate with current manufacturing processes. Homes may be mass produced at low cost. There is little reason to custom build a basic, single-storey home. This process may be automated to produce panels that fit together that are insulated, wired and plumbed. Wall panels fasten together and into a floor panel that contains all of the utility lines to form rooms. Infrastructure that comprises a residential base with water, electricity, and sewer connections contained within are constructed beforehand to serve the needs of a city on which homes are erected. Imagine, ordering a home on Amazon for fifteen thousand dollars and being able to assemble it within an hour that has double or triple the space of a million-dollar apartment with state-of-the-art features such as an embossed ceiling that add a whole new dimension to luxurious living. The floor contains all of the utility lines, heating, ventilation, air conditioning, wiring, plumbing, water and drainage. Then it is merely a matter of plugging in vertical panels into the floor to form the outer walls and space for living-room, bedrooms, closets, kitchen and bathroom. This floor is the "mother floor-board" from which all utility connections rise upwards from the lines in the floor into vertical wall panels. No utility lines connect horizontally between vertical panels. Sinks, toilets and shower head are attached to wall panels that also plug into the floor. Wall panels that include lighting and an electrical outlet, which are possibly 4’x8’ or one meter by three meters, are mass produced in an automated process from a composite plastic material in a variety of creative textures. Panels that comprise the floor are one meter by fifteen meters with the edge panel containing utility lines. A ceiling is set on top of and fastened to the walls. The roof is a convex panel that fits on top of and plugs into the outer walls. It is also possible that with this waterproof plastic material each individual room has a bubble skylight dome roof/ceiling with pipes in the walls that drain into the base. Other refinements include the fabric of the dome comprising a solar array and solar collector. Thus, the entire home is made by inserting vertical wall panels into the floor panel that rests on top of and is connected to the city infrastructure slab base. It is not inconceivable that this single-storey home with one, two or three bedrooms be assembled and ready to move into within a few hours of the kit being delivered. Of course, this will never happen. Keep dreaming. It will take China to lead the way and transform housing from the expensive nineteenth century tailor-made suit concept into economical standard ready-to-wear off the rack homes that cost $15,000/$5,000,000 = 0.003 of the present cost of a home in Vancouver. The flaw in the analysis: Citizens may not utilize land that was not promised to them in the presently cozy arrangement—functioning like a monopoly with monopoly prices—that without effort shunts their lifetime earnings exacted through shelter directly into the pockets of the chosen few making them rich beyond belief while after a lifetime of hard work residents own nothing and are left to die homeless on the street.
  • @rps1689
    What a joke increasing taxes on the rich without changing the tax regime that still enables them to avoid the cost of what the new tax rate will incur by simply using current accounting schemes and gimmick that can easily hide fiancial gains.