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Most years the Government releases one major document that sets out where and how it plans to collect and invest taxpayers’ money. How much money will go to pay down the debt? The answers affect all Canadians, and they will be in that document, the budget. It’s a blueprint for how the Government wants to set the annual economic agenda for Canada. And it’s the job of the Department of Finance to prepare it. The budget, usually tabled early in the year, is generally preceded in the fall by another major statement, the Economic and Fiscal Update. If you want to know more about how budgets are tabled in the House of Commons, what happens to budgets after they are tabled, and how they fit into the government’s annual financial cycle, check out this related information on the Parliamentary website. 2007
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