Spending
This bill approves $89,678,492,027 in spending for the federal public administration for the fiscal year ending March 31, 2024. The funds are allocated to various departments and agencies, as detailed in the attached schedules.
This bill, formally known as Appropriation Act No. 1, 2023-24, asks Parliament to approve a total of $89,678,492,027 from the government's main revenue fund. This money is to cover various expenses and charges related to the federal public administration for the fiscal year that will end on March 31, 2024. The bill outlines specific amounts allocated to different government departments and agencies, as detailed in the schedules attached to the bill.
The bill divides the total requested amount into several parts, each representing a fraction (such as three-twelfths, four-twelfths, etc.) of the amounts listed for different items in the Main Estimates for the fiscal year ending March 31, 2024. These items are listed in Schedules 1 and 2 of the Main Estimates. Schedule 2 has a different end date, allowing charges until March 31, 2025.
The bill specifies that the money allocated for each item can only be used for the purposes and under the conditions outlined for that item. It also includes provisions for making adjustments to the accounts of Canada after the fiscal year ends, but before the Public Accounts are presented to Parliament. These adjustments are for accounting purposes and do not involve actual payments from the government's main revenue fund.
In short, this bill is a request for funds to keep the government running, with the money divided among different departments and used for specific reasons. The bill also lays out rules for how the money can be spent and how the government will account for it.
Spending
This bill approves $89,678,492,027 in spending for the federal public administration for the fiscal year ending March 31, 2024. The funds are allocated to various departments and agencies, as detailed in the attached schedules.
Defense
The Department of National Defence receives $293,157,804 in grants and contributions (Schedule 1.7).
Foreign Aid
The Department of Foreign Affairs, Trade and Development is allocated $184,250,000 in loans under the International Financial Assistance Act (Schedule 1.7). The bill also allocates $1 for financial assistance to the International Development Association and $1 for contributions to international financial institutions (Schedule 1.8).