Sunday, May 9, 2021
News

Canada allots USD 80.93 billion budget toward pandemic recovery plan

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Europe | April 20, 2021 4:13:55 AM IST
Ottawa [Canada], April 20 (ANI/Sputnik): The Canadian government has allotted USD 80.93 billion (C$101.4 billion) over the next three years towards recovery from the economic devastation inflicted upon the country the coronavirus pandemic, the country's 2021 federal budget revealed.

On Monday, Canada's Deputy Prime Minister and Finance Minister, Chrystia Freeland, delivered the country's first budget since March 19, 2019.

"Budget 2021 includes C$101.4 billion over three years in proposed investments as part of the government of Canada's growth plan that will create good jobs and support a resilient and inclusive recovery," Canada's Department of Finance said in a press release.

The stimulus package includes funding towards a child-care program, extending the Canada Emergency Response Benefit (CERB) - a USD 1,400 monthly benefit for workers affected by the novel coronavirus pandemic - and establishing a USD 11.97 (C$15) federal minimum wage.

According to the budget, Canada's real GDP and employment levels are expected to reach pre-pandemic levels at some point during 2021, ahead of schedule according to the Department of Finance. (ANI/Sputnik)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE WORLD NEWS
Obama announces death of former US 'firs...
Scotland leader vows to again pursue ind...
Pakistan: PPP emerges victorious again i...
European Council calls on partners, COVI...
China's aggressive behaviour, US support...
China's greenhouse emissions in 2019 exc...
More...
 
INDIA WORLD ASIA
Five held in B'luru for black marketing ...
MP: Woman ends life by jumping from Indo...
Not sabotaging farmers protest but won't...
NHAI exempts tankers carrying medical ox...
Punjab: 10-year-old seen selling socks i...
Uttarakhand CM asks officials to speed u...
More...    
 
 Top Stories
Karnataka registers 47,563 new Covi... 
Mumbai: Vikas Fhatak alias 'Hindust... 
Economic fallout from COVID-19 cont... 
Dantewada Police urges Maoists suff... 
In another provocative move, China ... 
China's greenhouse emissions in 201... 
Curbs of poet Satchidanandan's FB p... 
Bayern win record-extending 9th str...