2003 Canadian federal budget

September 2018 Budget of the Canadian Federal Government 2003 Canada 2001 Canadian federal budget 2001 2004 Canadian federal budget 2004 2003_Canada_Federal_Budget_logo.jpg 250 18 February 2003 37th Liberal John Manley C$186.2 billionThe Budget Plan 2005 http://www.fin.gc.ca/budget05/pdf/bp2005e.pdf 2005 Budget Department of Finance Canada 2005 2009-05-08 Department of Finance Canada https://web.archive.org/web/20101206184039/http://www.fin.gc.ca/budget05/pdf/bp2005e.pdf 2010-12-06 live C$177.1 billion C$141.4 billion C$35.8 billion C$9.1 billion C$501.5 billion The Canadian federal budget of 2003 was unveiled on February 18, 2003. It was the first budget issued by Finance Minister John Manley who was given the job in May 2002 replacing Paul Martin. It was also the last budget of Prime Minister Jean Chrétien. In the previous fiscal year the Canadian economy had done well, despite the recent recession in the United States. The budget saw another large surplus, which was enhanced by a shift to more stringent accrual accounting announced in the budget. The bill was largely seen as a departure from the fiscal austerity of the last several years. It had a wide range of new spending initiatives on health care, child care, defence, education, and other social programs. The budget had only limited tax cuts, mostly directed at corporations. The budget set forth a plan of gradual reductions that would see corporate taxes fall well below American levels. The most important was the reduction of the Canadian Capital Tax. Employment Insurance premiums were also cut. References External links Budget 2003 - Ministry of Finance CBC 2003 budget page Mapleleafweb 2003 Federal Budget 2003 Canada Category:2003 in Canadian politics Budget, 2003 Budget, 2003 Category:February 2003 in Canada