Federal Budget 2018 FULL COVERAGE »
There weren’t a lot of big ticket items in this year’s federal budget, however some initiatives did see large sums of taxpayer money directed their way. Here are the eight individual measures set to receive $1 billion in the budget over the next five years.
1. Federal science labs: $2.8 billion
The government has big plans to build new interdisciplinary science and technology labs across Canada, and its spending $2.8 billion over the next five years, starting in fiscal 2018-19 to get the job started. Finance Minister Bill Morneau made no mention of the plan in his speech, and the budget itself had no details about how many new labs would be built, or where.
2. ‘Feminist” international aid: $2 billion
Through Global Affairs Canada, the government boosted international aid under its “Feminist International Assistance Policy” with a particular focus on helping women and girls.
3. Government dot-com: $2 billion
Under the banner of “enabling digital services” the government earmarked $2 billion over five years to modernize its IT services and improve cyber security.
4. Insurance claims for returning soldiers and government workers: $1.8 billion
All budgets contain fine print. Some of the finest print in Budget 2018 was earmarked to cover a greater-than-expected increase in insurance claims from soldiers returning from Afghanistan, as well as a jump in claims from the broader public service.
5. Indigenous health: $1.5 billion
6. Indigenous child services: $1.4 billion
As part of the Trudeau government’s focus on reconciliation with Indigenous peoples, the budget includes nearly $1.5 billion for health care on reserves, as well as another $1.4 billion in services for Indigenous children.
7. More rental housing: $1.4 billion
To encourage the construction of more rental housing, Ottawa is putting more money towards the Canada Mortgage and Housing Corporation’s Rentral Construction Finance Initiative.
8. “Use it or lose it” parental leave: $1.2 billion
One of the headline measures from Budget 2018, the parental leave changes give new parents five weeks of additional paid leave when both parents share in the childcare. The new rules are expected to roll out in June 2019.
MORE ABOUT FEDERAL BUDGET 2018:
- How Budget 2018 will affect small business owners
- Budget 2018: Rosy revenues and ‘Sunny Ways’ spending
- Five ways Budget 2018 will affect families
- Six ways Budget 2018 should shrink the gender wage gap
- Big money for innovation, but questions about the strategy behind it all
- A way forward for Indigenous peoples: It’s about more than the money
- Economic uncertainty keeps Morneau’s spending in check
- Budget 2018: Baby steps for dad and a big step forward for women