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The 2004 Federal Budget Report

1276 words - 6 pages

The 2004 Federal Budget Report The liberal government under Paul Martin released its 2004 federal budget. The budget attempted to cover all needs and necessities of Canadian equally, in terms of importance and availability. As with the presentation of any federal budget of the past decade there are areas to be criticised and areas to be praised. There have been some noticeable improvements in: health care, education, the environment, defence, and debt reduction. It is in general impassible for a budget to fit in with the priorities of all people. Citizens are extremely quick to judge federal budgets negatively but when asked a more suitable solution, ideas are few. The new ...view middle of the document...

This is open to criticism because the common fact is that two thousand dollars is barely half the cost of tuition in Canada each year. If the government wants Canadians to be successful it will have to dedicate a far larger portion of the budget to aiding youth in tuition costs. On the other hand a new grant of up to $3,000 for first year university or college students and $2,000 for students with disabilities is a valuable addition. The will also be a ceiling increase on student loans to $210 per week from $165 per week. The Liberal Finance Minister Ralph Goodale announced in his budget that $350 million will go to sites the Federal Government is solely responsible. Goodale called it the largest environmental investment made by any Government in history. Many argue that such a large investment would be better utilized if it were spread evenly across each department in need. 60% of this investment will be spent to clean up sites in northern Canada. Ottawa is currently held responsible for about 3,800 contaminated sites in Canada. Another $500 million has been diverted for sites where responsibility is shared between Ottawa and other environmental groups. Cleaning contaminated sites is beneficial to all of society, it does make Canada a much better place to live, but many argue it is a problem caused by the Liberal Federal Governments of the past and should not be paid for in such a large amount with tax payers money. A very significant argument again is that the money being put towards this cleanup should be put toward education and defence where finance is needed the most. Perhaps such environmental cleanup should be taken from salaries of Government officials related to this problem. On the topic of industry a large factor is the awaited sale of the federal governments remaining shares in Canada's oil companies. This is expected to net the government $2 billion. A part of this money is said to go towards investments for new environmental technologies. This decision has been highly criticised by a handful of interest groups, the point being that the public will be pleased to see money going toward environmental technology but such technology is not available without an abundance of educated professionals. They interject by saying if this money went toward education or price freezes on tuition costs, then a more valuable contribution to environmental technology would be possible. The federal government will spend $300 million on the military operations in Afghanistan and Haiti. $250 million will be spent over the next two years on Canada's role in Afghanistan while $50 million is dedicated...

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