The first budget in two years will concentrate on bolstering pandemic support and setting the foundation for long-term development.
Finance Minister Chrystia Freeland will deliver the Liberal government’s first budget in two years on Monday, allocating more than $2 billion for a national child-care initiative while holding the federal deficit under $400 billion for the past year.
Unlike the way some initiatives have been announced in previous budgets, according to a senior government source who spoke to the media on Sunday on the condition of anonymity said that they are not allowed to talk publicly about the issue where the upcoming child-care announcement will not be about forming advisory groups, conducting additional research, or being entirely subject to negotiations with the provinces.
His initial expenditure would exceed the $2 billion suggested by a recent report by the federal finance committee as the starting point for any national child-care program, which would be sufficient to lay the groundwork for a full-scale national system that prioritizes affordability and quality.
According to the source, the initiative will be the budget’s centerpiece and will be designed to support women quickly, which means Canadians should expect to see results in the next year to 18 months.
The federal government’s three main budget elements are including: proposing policies to meet vital needs in the short, medium, and long term, as well as investing in child care.
According to a source, targeted help is on the way.
As per the senior government source, the second part of the budget would focus on helping women, low-wage employees, students, and others in critical employment as the economy recovers.