November 1978 Canadian federal budget

Jean Chrétien's second national spending plan as Finance Minister

November 1978 Budget of the Canadian Federal GovernmentPresented| 16 November 1978

|

Parliament| 30th
Party| Liberal
Finance minister| Jean Chrétien
Total revenue| 43.310 billion [1]
Total expenditures| 55.277 billion [1]
Deficit| $11.967 billion[1]

‹ 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

[edit]

### August 1978 spending cuts

[edit]

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

[edit]

### Execution

[edit]

Budgetary items in billions of dollars  Element  | 1977-1978  | 1978-1979

|
|

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)  | (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

[edit]

### Notes

[edit]

1. ^ 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

[edit]

1. ^ a b c "Canada's deficits and surpluses, 1963-2014". CBC News. CBC/Radio-Canada. Retrieved 25 April 2015.
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.
4. ^ 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

[edit]

* 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)

* 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)

*[v]: View this template
*[t]: Discuss this template
*[e]: Edit this template