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Ottawa香蕉视频直播檚 housing strategy offers $1 billion a year

Finance Minister Bill Morneau promises 香蕉视频直播榥ew partnership香蕉视频直播 with provinces
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The federal budget includes new funds to improve housing affordability. (Black Press files)

The Justin Trudeau government香蕉视频直播檚 new national housing plan promises about $1 billion a year for the next decade to help bring housing costs into reach for more Canadians.

Finance Minister Bill Morneau香蕉视频直播檚 second budget, , promises a 香蕉视频直播渞enewed partnership香蕉视频直播 with provinces, and an additional $11.2 billion over 11 years to increase housing affordability.

That is on top of last year香蕉视频直播檚 budget commitment to fund 香蕉视频直播渓ow-cost loans and new financing tools to encourage municipalities, housing developers and non-profit housing providers to develop more affordable rental housing units.香蕉视频直播

A centrepiece of Morneau香蕉视频直播檚 budget is skills development, to help people adapt to a rapidly changing economy, focused on agri-food, digital industries, 香蕉视频直播渁dvanced manufacturing,香蕉视频直播 clean technology and bio-sciences.

Employment Insurance premiums are going up five cents next year, while parental leave can be extended to 18 months, at a lower rate of one third of average weekly earnings.

Operating deficits continue to soar in the federal government香蕉视频直播檚 plan, projected to go from $23 billion in the current fiscal year to $28 billion in 2017-18. The budget forecasts the government would still be in the red $19 billion by 2021-22. Trudeau campaigned in 2015 on a promise to run deficits no larger than $10 billion a year and balance the operating budget by 2019.

Aaron Wudrick of the Canadian Taxpayers香蕉视频直播 Federation said weaker projected revenues combined with new spending will see the debt pile up to the point where interest costs alone will be $143 billion over the next five years.

Wudrick praised some measures, including a promised spending review for government departments, a commitment to expand free trade between provinces and an effort to crack down on tax evasion.

Conservative interim leader Rona Ambrose said the government香蕉视频直播檚 vaunted tax cut for the middle class last year has been eaten away by tax and fee increases. 香蕉视频直播淚t香蕉视频直播檚 like they香蕉视频直播檙e nickel and diming everyone,香蕉视频直播 Ambrose said.

Burnaby MP Kennedy Stewart, the federal NDP香蕉视频直播檚 B.C. caucus chair, pointed to cuts of more than $1 billion for Canada香蕉视频直播檚 climate change framework over two years.

香蕉视频直播淎fter promising real change, Justin Trudeau adopted Stephen Harper香蕉视频直播檚 environmental assessment process and climate change targets,香蕉视频直播 Stewart said. 香蕉视频直播淭his budget shows British Columbians the Liberal government is more of the same.香蕉视频直播





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