The Canadian Broadcasting Corporation (CBC) reported on the 6th local time that according to the analysis released by the official website of the Canadian federal government, financial reports.
Parliamentary Budget Office and other relevant data, from March 13 this year, some parts of Canada announced lockdown measures to prevent the spread of the coronavirus epidemic to November 20 In Japan, the federal government of Canada has paid or allocated a total of 240 billion Canadian dollars to individuals, enterprises, businesses, organizations and government agencies, paying an average of 952 million Canadian dollars a day.
In terms of payment objects, of the 240 billion Canadian dollars, non-profit organizations and charities, 105.66 billion was paid to individuals through various subsidy schemes, and 16.18 billion was allocated to provinces, regions, metropolises and government agencies.
The largest of the funds paid to individuals is the Canada Emergency Response Benefit (CERB), which pays $2,000 per month to each eligible applicant. The program paid a total of 8.964 billion Canadian dollars to 8.9 million people, and 8.9 million adults account for about one-third of the national adult population.
In addition, a total of 352,000 enterprises and businesses received a total of 49.27 billion Canadian dollars in wage payment subsidies, and 79,000 enterprises and businesses received a total of 31.55 billion Canadian dollars in low-interest loans, etc.
This analysis believes that the Canadian government’s intervention in the economy is unprecedented. In fact, the 240 billion Canadian dollars are only part of the Canadian government budget.
On November 30, Canada’s Deputy Prime Minister and Minister of Finance, Christia Freeland, announced the total budget of the federal government for fiscal year 2020-2021, that is, the fiscal year ending March 31, 2021, which is $322.3 billion.