Slide Deck B: The Government of Canada’s Expenditures

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Presentation transcript:

Slide Deck B: The Government of Canada’s Expenditures

Expenditures To deliver on its responsibilities, the federal government must spend money. These costs are known as expenditures. The federal government’s expenditures can be divided into three main categories:

TRANSFERS Transfer payments are the government’s largest spending category. Transfers are payments that go directly to: A) Persons B) Provincial and Territorial governments C) Organizations

Transfers to Persons This is the largest category of transfers and includes: Elderly benefits, like Old Age Security (OAS) and the Guaranteed Income Supplement (GIS), which help seniors living on lower incomes. Employment Insurance (EI) benefits, which help Canadians who are looking for work or are unable to work, such as persons who are injured or on parental leave. Children’s benefits, which help families with young children and teens, such as the Canada child benefit (CCB).

Transfers to Provinces/Territories These assist in the major expenses of provincial and territorial governments and the delivery of programs for citizens. The Canada Health Transfer, which provides long-term funding for health programs. The Canada Social Transfer, which supports post-secondary education, social programs and services for children. c) Equalization and Territorial Formula Financing programs, which address economic disparities so all Canadians can receive comparable public services.

Other Transfers The final group of transfers goes to organizations through federal grants, contributions and subsidies. Farmers and food producers Foreign aid/international assistance Infrastructure/regional development First Nations and Indigenous peoples Research and development Assistance to businesses Student assistance programs Health research and promotion The arts and amateur sports Multiculturalism and bilingualism

PROGRAM EXPENSES These include the operating costs of the more than 130 federal bodies (departments, agencies and crown corporations) that provide programs and services for Canadians. For example: Environment Canada Foreign Affairs, Trade and Development Canada Canadian Heritage and Official Languages Telefilm Canada Natural Resources Citizenship and Immigration Veterans Affairs CBC

Highest Spending Departments/Agencies The three departments where the government spends the most money are: National Defence which includes the armed forces, military equipment and space operations. Public Safety which includes border security, crime prevention and the correctional system. Canada Revenue Agency which includes the collection of personal and business taxes, and distribution of child and family benefits.

INTEREST PAYMENTS The final spending area is interest on the debt. We pay interest charges on the money borrowed by the federal government over the years and not yet repaid.