Information about 2004 Canadian Federal Budget
| 2004 Canadian Federal Budget | |
| Presented | March 23, 2004 |
|---|---|
| Passed | Not passed |
| Parliament | 37th |
| Party | Liberal |
| Minister | Ralph Goodale |
The Canadian federal budget of 2004 was a budget for the Government of Canada. It was read in the Canadian House of Commons on March 23, 2004 by Finance Minister Ralph Goodale of the governing Liberal Party. It was prepared by Goodale with significant input from Prime Minister Paul Martin, who had previously served as Minister of Finance in the government of Jean Chrétien.
The budget contained few surprises: most major initiatives had been announced long beforehand. These included $2 billion for health care, money for municipalities, and $1 billion to help livestock farmers harmed by the Mad Cow crisis. Government spending was set to increase at the same rate as Gross domestic product (GDP) over the next few years with any surplus going to pay down the national debt.
The budget was criticized by the Conservative Party for its lack of tax cuts and its increases in spending. The New Democratic Party criticized the policy of debt reduction, arguing that social spending, especially on health care, would be more beneficial.
Before the budget could be passed, parliament was dissolved for the 2004 election. The budget legislation was appended to the 2005 budget that was passed the next year.
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Canadian Parliaments are the legislative bodies of the federal Government of Canada. They are composed of the Canadian House of Commons (lower house), the Canadian Senate (upper house), and the Sovereign, represented by the Governor General.
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37th Canadian Parliament was in session from January 29, 2001 until May 23, 2004. The membership was set by the 2000 federal election on November 27, 2000, and it changed only somewhat due to resignations and by-elections until it was dissolved prior to the 2004 election.
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The Liberal Party of Canada (French: Parti libéral du Canada), colloquially known as the Grits (originally "Clear Grits"), is a Canadian federal political party.
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The Minister of Finance (French: Ministre des Finances) is the Minister of the Crown in the Canadian Cabinet who is responsible each year for presenting the federal government's budget.
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Hon. Ralph Goodale
Incumbent
In office since
Born
Ralph Edward Goodale, PC , MP, BA , LL.B (born October 5, 1949, in Regina, Saskatchewan) was Canada's Minister of Finance from 2003 to 2006 and continues to be a Liberal Member of Parliament.
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Incumbent
In office since
Born
Ralph Edward Goodale, PC , MP, BA , LL.B (born October 5, 1949, in Regina, Saskatchewan) was Canada's Minister of Finance from 2003 to 2006 and continues to be a Liberal Member of Parliament.
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federal budgets are presented annually by the Government of Canada to identify planned government spending, expected government revenue, and forecasted economic conditions for the upcoming year. Canadian Debt is approximately CAD$500 billion and is constantly reducing.
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Canadian House of Commons
Chambre des communes du Canada (French)
Type Lower House
Speaker Peter Milliken, Liberal
since January 29, 2001
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Chambre des communes du Canada (French)
Type Lower House
Speaker Peter Milliken, Liberal
since January 29, 2001
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March 23 is the 1st day of the year (2nd in leap years) in the Gregorian calendar. There are 0 days remaining.
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Events
- 625 - Battle of Uhud takes place between Muslims and Pagans in Arabia
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20th century - 21st century - 22nd century
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The Minister of Finance (French: Ministre des Finances) is the Minister of the Crown in the Canadian Cabinet who is responsible each year for presenting the federal government's budget.
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Hon. Ralph Goodale
Incumbent
In office since
Born
Ralph Edward Goodale, PC , MP, BA , LL.B (born October 5, 1949, in Regina, Saskatchewan) was Canada's Minister of Finance from 2003 to 2006 and continues to be a Liberal Member of Parliament.
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Incumbent
In office since
Born
Ralph Edward Goodale, PC , MP, BA , LL.B (born October 5, 1949, in Regina, Saskatchewan) was Canada's Minister of Finance from 2003 to 2006 and continues to be a Liberal Member of Parliament.
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The Liberal Party of Canada (French: Parti libéral du Canada), colloquially known as the Grits (originally "Clear Grits"), is a Canadian federal political party.
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Canada
This article is part of the series:
Politics and government of
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Executive (The Crown)
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Queen's Privy Council for Canada
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This article is part of the series:
Politics and government of
Canada
Federal
Executive (The Crown)
Sovereign (Queen Elizabeth II)
Governor General (Michalle Jean)
Queen's Privy Council for Canada
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Paul Edgar Philippe Martin, also known as Paul Martin, Jr. PC, MP (born August 28, 1938) was the Prime Minister of Canada and a former leader of the Liberal Party of Canada.
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Joseph Jacques Jean Chrétien, PC, CC, QC (born January 11, 1934), usually known as Jean Chrétien, is a Canadian politician who was the twentieth Prime Minister of Canada from November 4, 1993 to December 12, 2003, and leader of the Liberal Party of Canada from 1990 to 2003.
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Health care, or healthcare, is the prevention, treatment, and management of illness and the preservation of mental and physical well being through the services offered by the medical, nursing, and allied health professions.
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Livestock is the term used to refer (singularly or plurally) to a domesticated animal intentionally reared in an agricultural setting to make produce such as food or fibre, or for its labour.
Livestock may be raised for subsistence or for profit.
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Livestock may be raised for subsistence or for profit.
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A farmer is a person who is engaged in agriculture, raising living organisms for food or raw materials. This is a way of life that has been the dominant occupation of human beings since the dawn of civilization.
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Bovine spongiform encephalopathy (BSE), commonly known as mad-cow disease, is a fatal, neurodegenerative disease of cattle, which infects by a mechanism that surprised biologists upon its discovery in the late 20th century.
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gross domestic product, or GDP, is one of the ways for measuring the size of its economy. The GDP of a country is defined as the total market value of all final goods and services produced within a country in a given period of time (usually a calendar year).
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Conservative Party of Canada (French: Parti conservateur du Canada), colloquially known as the "Tories", is a conservative political party in Canada, formed by the merger of the Canadian Alliance and the Progressive Conservative Party of Canada in December 2003.
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A tax cut is a reduction in the rate of tax imposed by a government. Whether a given tax cut will increase or decrease total tax revenues is often discussed and debated by both economists and politicians.
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New Democratic Party (NPD; Nouveau parti démocratique in French) is a political party in Canada with a progressive social democratic philosophy that contests elections at both the federal and provincial levels.
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The Canadian federal election, 2004 (more formally, the 38th General Election), was held on June 28, 2004 to elect members of the Canadian House of Commons of the 38th Parliament of Canada.
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2005 Canadian Federal Budget
Presented February 23, 2005
Passed June 28, 2005
Parliament 38th
Party Liberal
Minister Ralph Goodale
The 2005 Canadian federal budget was the budget of the Government of Canada for the 2005-2006 fiscal year.
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Presented February 23, 2005
Passed June 28, 2005
Parliament 38th
Party Liberal
Minister Ralph Goodale
The 2005 Canadian federal budget was the budget of the Government of Canada for the 2005-2006 fiscal year.
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