The Canadian federal budget for fiscal year 1991-1992 was presented by
Minister of Finance
A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation.
A finance minister's portfolio has a large variety of names around the world, such as "treasury", " ...
Michael Wilson in the
House of Commons of Canada on 26 February 1991.
Taxes
Expenditures
The budget announces that the Expenditure Control Plan unveiled in the previous budget is extended:
* The 5 %-growth ceiling for
CAP
A cap is a flat headgear, usually with a visor. Caps have crowns that fit very close to the head. They made their first appearance as early as 3200 BC. Caps typically have a visor, or no brim at all. They are popular in casual and informal se ...
payments to Ontario, Alberta and BC is extended for 3 additional years;
*
EPF per-capital entitlements are frozen until 1994-95;
* Several programs are frozen (
PUITTA,
Telefilm Canada
Telefilm Canada is a Crown corporation reporting to Canada's federal government through the Minister of Canadian Heritage. Headquartered in Montreal, Telefilm provides services to the Canadian audiovisual industry with four regional offices in ...
, loans financing by
EDC
EDC or EdC may refer to:
Education
* East Devon College, in Tiverton, Devon, England
* EDC Paris Business School, a French business school
* Education Development Center, an American educational organization
* Department for Education (Sout ...
);
* Previously-announced projects are cancelled (contribution to the Toronto Ballet Opera House) or delayed (contribution to new concert halls in Edmonton and Montreal, cultural research institute in Montreal);
* Expenditures for the
Green Plan are spread over 6 years instead of 5.
Legislative history
Provisions pertaining to federal transfers to provinces (
EPF and
PUITTA) and
Unemployment Insurance
Unemployment benefits, also called unemployment insurance, unemployment payment, unemployment compensation, or simply unemployment, are payments made by authorized bodies to unemployed people. In the United States, benefits are funded by a comp ...
were contained in the ''Budget Implementation Act, 1991'' which received royal assent on 17 December 1991.
Additional expenditure control measures are included in the Bill C-56 (named the ''Spending Control Act'') which was read a third time and adopted by the House of Commons on 27 April 1992 in a 137–84 vote (with 12
paired votes) and received royal assent on 18 June 1992.
House of Commons Debates, 34th Parliament, 3rd Session
vol. 8, p. 9748.
References
Official documents
*
Budget Speech
Budget Plan
Budget in Brief
*
*
{{Canada federal budget
Canadian budgets
1991 in Canadian law
1991 government budgets
1991 in Canadian politics