The surplus budget has initiated tons of government spending. This is the largest spending spree since the Trudeau era and the second largest in the last four decades. Although there are critics as to where the money is being spent, we think that the new spending plan will surely stimulate our economy and push the Canadian economy further into prosperity. The following are the areas of focus for the $138.6 billion spending plan for 2002-2003.
Health Care: $34.8 billion will be spent on health care. This includes a $16 billion health reform fund, $9.5 billion in increased cash transfers and an immediate $2.5 billion to ease current existing problems and pressures.
Research: $5.1 billion for grants, scholarships, funding to research organizations.
Infrastructure: $3 billion in new money.
Don Drummond, the Senior Vice-President and Chief Economist TD Bank Fianacial Group says that this is a plan that addresses everyone and is designed to try and help everybody. Anyone who has asked for anything in the last 10 years has been answered in one way or another with this budget.
Natives: $2 billion to improve water, health education and child care. (over the next 2-11 years)
It is often the case that government plans address a certain group of peoples, while leaving out another. There are critics to everything and two sides to every coin but as far as we are concerned, this budget has undergone a lot of serious time and effort to try and come up with a plan that will address the whole country. That is what we think a “national” plan should do, address the whole nation. We belive that
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