November 1978 Canadian federal budget

November 1978 Budget of the Canadian Federal Government
Presented	16 November 1978
Parliament	30th
Party	Liberal
Finance minister	Jean Chrétien
Total revenue	43.310 billion
Total expenditures	55.277 billion
Deficit	$11.967 billion
	‹ April 1978 1979›

The Canadian federal budget for fiscal year 1979–80 was presented by Minister of Finance Jean Chrétien in the House of Commons of Canada on 16 November 1978.^[2]

Context

August 1978 spending cuts

The budget follows the announcement by Prime Minister Pierre Trudeau of a $2-billion spending cuts package on 1 August 1978. Details for $1.5-billion of the cuts were released on 16 August 1978 and affected more than 100 federal programs and many organisms including the Department of National Defence ($150-million), the CBC ($71-million), the Canadian International Development Agency ($133-million) and many other federal institutions. Construction of a heavy water plant in La Prade (Quebec) was immediately suspended to generate $150-million in savings.^[3]

Aftermath

Execution

Budgetary items in billions of dollars
Element	1977-1978	1978-1979
Element	Actual^[4]	April Budget	Nov. Budget	Actual^[4]
Tax revenues	28.96	31.62	30.73	30.65
Non-tax revenues	3.91	4.39	4.47	4.56
Program expenditures	(37.35)	(46.90)	(47.30)	(39.86)
Public debt charge	(5.55)	(46.90)	(47.30)	(7.06)
Extraordinary items^[a]	–	–	–	(4.48)
Deficit	(10.04)	(10.90)	(12.10)	(16.19)
Non-budgetary transactions	1.77	(0.60)	–	5.25
Financial requirements	(8.27)	(11.50)	(12.10)	(10.94)

Notes and References

Notes

^ A provision was made in the 1978-1979 public accounts for the valuation of certain assets and liabilities, notably loans to other government entities and revolving funds.^[4]

References

^ ^a ^b ^c "Canada's deficits and surpluses, 1963-2014". CBC News. CBC/Radio-Canada. Retrieved 25 April 2015.
^ "The Leader-Post". news.google.com. 17 November 1978. Retrieved 2020-06-17.
^ Trueman, Mary (17 August 1978). "$1.5 billion in cuts Ottawa's first step under PM's pledge". The Globe and Mail. p. 1.
^ ^a ^b ^c Receiver General of Canada (17 September 1979). Public accounts of Canada. Vol. I : Summary Report and Financial Statements. Ottawa: Supply and Services Canada. ISBN 0-660-10436-9. Retrieved 4 November 2024.

Budget documents

Budget Speech (PDF). Ottawa. 16 November 1978. Retrieved 4 November 2024.{{cite book}}: CS1 maint: location missing publisher (link)
Budget Papers: Notices of Ways and Means Motions and supplementary information on the Budget (PDF). Ottawa. 16 November 1978. Retrieved 4 November 2024.{{cite book}}: CS1 maint: location missing publisher (link)
Budget in brief (PDF). Ottawa. 16 November 1978. Retrieved 4 November 2024.{{cite book}}: CS1 maint: location missing publisher (link)

[5] A provision was made in the 1978-1979 public accounts for the valuation of certain assets and liabilities, notably loans to other government entities and revolving funds.^[4]

[:CBCgraph-1] "Canada's deficits and surpluses, 1963-2014". CBC News. CBC/Radio-Canada. Retrieved 25 April 2015.

[:LeaderPost-2] "The Leader-Post". news.google.com. 17 November 1978. Retrieved 2020-06-17.

[3] Trueman, Mary (17 August 1978). "$1.5 billion in cuts Ottawa's first step under PM's pledge". The Globe and Mail. p. 1.

[PA79-4] Receiver General of Canada (17 September 1979). Public accounts of Canada. Vol. I : Summary Report and Financial Statements. Ottawa: Supply and Services Canada. ISBN 0-660-10436-9. Retrieved 4 November 2024.

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[2]

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v t e Canadian federal budget
General	Canadian federal budget Minister of Finance Department of Finance Canada Governor general's warrant Canadian public debt New shoes on budget day
1960s/70s	■ P. Trudeau 1968 1969 1970 1971 1972 1973 ~~May 1974~~ November 1974 1975 1976 1977 April 1978 November 1978 ■ Clark ~~1979~~
1980s/90s	■ P. Trudeau 1980 1981 1982 1983 1984 ■ Mulroney 1985 1986 1987 1988 1989 1990 1991 1992 1993 ■ Chrétien 1994 1995 1996 1997 1998 1999
2000s/10s	2000 2001 2003 ■ Martin 2004 2005 ■ Harper 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 ■ J. Trudeau 2016 2017 2018 2019
2020s/30s	2021 2022 2023 2024

v t e Pierre Trudeau
October 18, 1919 – September 28, 2000 15th Prime Minister of Canada (1968–1979, 1980–1984) Leader of the Liberal Party of Canada (1968–1984) Member of Parliament for Mount Royal (1965–1984) Leader of the Opposition (1979–1980)
Premierships	Cabinets 20th Canadian Ministry 22nd Canadian Ministry Parliaments 27th 28th 29th 30th 32nd Party: Liberal Party of Canada
Political activities	Trudeauism Trudeaumania (Fuddle duddle) Just society Official bilingualism in Canada Petro-Canada National Energy Program Canadian Charter of Rights and Freedoms Foreign Investment Review Agency October Crisis/War Measures Act "Just watch me" Multiculturalism in Canada
Legislation	Budgets 1968 1969 1970 1971 1972 1973 May 1974 November 1974 1975 1976 1977 April 1978 November 1978 1980 1981 1982 1983 1984 Criminal Law Amendment Act, 1968–69 Constitution Act, 1982
Elections	1968 Liberal Party leadership election Federal elections 1968 1972 1974 1979 1980
Staff	Jean Charpentier Edward Johnson (lawyer)
Life	Cité Libre Death and state funeral
Family	Margaret Sinclair (former wife) Justin Trudeau (son, 23rd Prime Minister of Canada) Alexandre Trudeau (son) Michel Trudeau (son) Sophie Grégoire Trudeau (former daughter-in-law) Charles-Émile Trudeau (father) Deborah Coyne (partner)
Related	Pierre Elliott Trudeau Foundation The Champions (1978 miniseries) Just Watch Me: Trudeau and the '70s Generation (1999 documentary) Trudeau (2002 miniseries) Young Trudeau (2006 book)