2022 Canadian federal budget
The 2022 Canadian federal budget for the fiscal years of 2022–23, known as Budget 2022, was presented to the House of Commons by Finance Minister Chrystia Freeland on 7 April 2022.
Background
The COVID-19 pandemic had forced the Justin Trudeau government to introduce a large number of federal aid programs to deal with the economic impact of the crisis. As a result, Canada's debt-to-GDP ratio increased in 2020 and 2021.In March 2022, the New Democratic Party agreed to a confidence and supply deal with Justin Trudeau's Liberal Party.
Measures
The budget's main goal is to reduce Canada's debt-to-GDP ratio, mostly through a review of all government spending.However, the budget increases Canada's military expenditures. It also includes a limited dental care program, as promised in the Liberal-NDP deal.