The coming 2023 federal budget will 'exercise fiscal restraint' while also making 'significant' investments in health and building Canada's clean economy, Deputy Prime Minister and Finance Minister Chrystia Freeland said Monday.
The coming 2023 federal budget will "exercise fiscal restraint" while also making "significant" investments in Canada's health-care system and building a clean economy, Deputy Prime Minister and Finance Minister Chrystia Freeland said Monday.
"This support will be narrowly focused and fiscally responsible. The truth is, we can't fully compensate every single Canadian for all of the effects of inflation or for elevated interest rates," Freeland said. "To do so would only make inflation worse and force rates higher, for longer.
Speaking about what she said she's heard from Canadians during her pre-budget consultations, the finance minster spoke about how, whether she was talking to someone doing well or struggling to get by they shared a common concern for their neighbours. "We will ensure that Canadians can rely on a world-class, publicly-funded health-care system… And we will ensure that a strong and effective public health-care system can continue to care for and nurture a strong and healthy Canadian workforce," Freeland said. "Universal and high-quality health care is rightly a priority for every single Canadian. It is also a national competitive advantage.
Freeland said this global pivot to clean technology, and the recently-put-into-focus need to build critical supply chains with allied democracies in light of the pandemic and Vladimir Putin's war in Ukraine, has Canada uniquely placed to benefit.
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'We will exercise fiscal restraint': Freeland outlines priorities ahead of 2023 federal budgetThe coming 2023 federal budget will 'exercise fiscal restraint' while also making 'significant' investments in health and building Canada's clean economy, Deputy Prime Minister and Finance Minister Chrystia Freeland said Monday.
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