What Does Budget 2019 Tell Us about Projected Federal Revenues, Expenditures, Budgetary Balance and Debt?

(Disponible en français : Que nous apprend le budget fédéral de 2019 sur les projections relatives aux recettes, aux dépenses, au solde budgétaire et à l’endettement?) One of Parliament’s fundamental roles is to review and approve the government’s spending and taxation proposals. This HillNote analyzes the projected federal revenues, expenditures, budgetary balance and debt presented…

Peace Tower close-up of clock face with detail, Parliament of Canada

The Parliamentary Financial Cycle: An Introduction

Alex Smith Economics, Resources and International Affairs Division One of Parliament’s fundamental roles is to review and approve the federal government’s taxation and spending plans. While budget-setting is an executive function, the government cannot change taxation rates, impose new taxes or spend public funds without Parliament’s approval. This document provides an introduction to the parliamentary…