2011 Canadian federal budget

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2011 Canadian Federal Budget — Short Version

- What it is: The 2011-12 budget for Canada, part of the Economic Action Plan, called “A Low-Tax Plan for Jobs and Growth.”
- When it was introduced: Finance Minister Jim Flaherty presented it on March 22, 2011, and again on June 6, 2011 after the May 2 election.
- What happened in Parliament: The budget was passed on June 13, 2011 by 167 votes to 131. Four Bloc Québécois MPs supported it; other opposition parties opposed.
- Political background: An opposition motion of non-confidence was passed on March 25, 2011, finding the government in contempt of Parliament and effectively dissolving Parliament, halting other business. A federal election on May 2, 2011 gave the Conservatives a majority, enabling the budget to pass.
- Key numbers for 2011-12:
- Revenue: C$235.6 billion
- Expenditures: C$276.0 billion
- Program spending: C$278.7 billion
- Debt payments: C$33.0 billion
- Deficit: C$26.2 billion
- Debt: C$586.0 billion