Federal Budget 2012

This briefing looks at Canada’s 2012 federal budget and concludes that the government is firmly on track to eliminate its deficit by 2015–16.

Document Highlights

• Fiscal restraint remains the main focus in Budget 2012, putting the government back on track to balance its budget by 2015–16.
• A long list of departmental budget cuts will see total federal employment shrink by over 19,000 over the next three years.
• The government has placed much emphasis on promoting long-term growth, with a myriad of measures that encourage investment and address Canada’s labour market challenges.