Six percent, until it’s not six percent
The Finance Minister shows his hand on health transfers.
Under Ottawa’s plan, funding for health would climb from $30-billion in 2013-14 to $38-billion per year in 2018-19. Mr. Flaherty told reporters health transfers will continue to increase at 6 per cent a year until 2016-17 before moving to a system that ties increases to the growth in nominal Gross Domestic Product, which is a measure of GDP plus inflation.
The finance department release is here.
See previously: What did the Conservatives promise on health transfers?
Related Posts
Politics
Pope Francis apologizes for residential school abuses
Politics Insider for April 1: First Nations delegates make progress at the Vatican; Trudeau pushes for a G19; and a Wildrose battle
Politics
The federal budget is a mixed bag
Politics Insider for Apr. 8: the Liberal’s plans, unpacked; the Liberal-NDP deal bears fruit; behind the scenes of the Bay du Nord oil megaproject
Politics
New federal budget will include up to $8 billion in defence spending
Politics Insider for Apr. 7: Foreigners to be temporarily barred from buying homes in Canada; Ottawa to summon the Russian ambassador for tough questions over Kyiv atrocities; an Atlantic oil megaproject gets approved
Politics
Inflation rate surpasses a three decade high
Politics Insider for April 21: Prices jump more than expected in March; Freeland and allies stage a G20 walkout; Poilievre’s brewing battle
Get the Best of Maclean’s straight to your inbox.
Sign up for news, commentary and analysis. Join 60,000+ Canadian readers.