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2004 (2004) Budget of the Canadian Federal Government New Agenda for Achievement
Presented
March 23, 2004
Passed
Not Passed
Parliament
37th
Party
Liberal
Finance minister
Ralph Goodale
Total revenue
C$211.9 billion[1]
Total expenditures
C$210.5 billion[1]
Program Spending
C$176.4 billion[1]
Debt payment
C$34.1 billion[1]
Surplus
C$1.5 billion[1]‡
Debt
C$494.7 billion[1]
Website
Budget Plan 2004
‡Surplus was used to pay down the federal debt.
‹ 2003
2005›
The Canadian federal budget of 2004 was a budget for the Government of Canada. It was read in the House of Commons of Canada on March 23, 2004, by Finance Minister Ralph Goodale of the governing Liberal Party. It was prepared by Goodale with significant input from Prime Minister Paul Martin, who had previously served as Minister of Finance in the government of Jean Chrétien.
The budget contained few surprises: most major initiatives had been announced long beforehand. These included $2 billion for health care, money for municipalities, and $1 billion to help livestock farmers harmed by the Mad Cow crisis. Government spending was set to increase at the same rate as Gross domestic product (GDP) over the next few years with any surplus going to pay down the national debt.
^ abcdefDepartment of Finance Canada (March 19, 2007). "Aspire to a Stronger, Safer, Better Canada" (PDF). 2007 Budget. Department of Finance Canada. Archived (PDF) from the original on June 12, 2009. Retrieved May 8, 2009.
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