Federal Budget Passed

 

By Brian Madigan LL.B.

The House of Commons passed the budget by a 211 to 91 vote, ensuring the government's survival.

The NDP and Bloc Québécois voted against the budget, while most of the Liberal party (with the exception of 6 MP's from Newfoundland) it.

The budget forecasts a deficit of $33.7 billion for the 2009-10 fiscal year and $29.8billion in 2010. The bill included a Liberal amendment, which passed through the House on Monday in a 214 to 84 vote. The NDP and Bloc also voted against it. This demonstartes that any coalition among the opposition parties is dead.

The amendment requires regular reports to Parliament on the budget's implementation and costs. The reports are expected in March, June and December.

In the meantime, the home buyer's and home owner's programs will be implemented.

Brian Madigan LL.B., Realtor is an author and commentator on real estate matters, Coldwell Banker Innovators Realty
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