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Government of Canada Continues Sound Management of Public Finances with Supply Bills for Supplementary Estimates (C), 2012-13 and 2013-14 Main Estimates

Mar 20 2013 12:00AM

Marketwire

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OTTAWA, ONTARIO -- (Marketwire) -- 03/20/13 -- The Honourable Tony Clement, President of the Treasury Board, today introduced the Supply Bill for the Supplementary Estimates ©, 2012-13 and the Interim Supply Bill for the 2013-14 Main Estimates. These bills seek parliamentary authority for the funding that government organizations need to deliver programs and services for Canadians.

"These supply bills put a cap on our 2012-13 budgetary estimates and start us off on the right foot for the upcoming fiscal year," said Minister Clement. "This year (2012-13) our Government allocated $259 billion in voted expenditures, showing a decline over the past three years as a result of our sound management of the public purse, a trend we expect to continue as we look toward Economic Action Plan 2013."

Once these bills are approved by Parliament and receive Royal Assent, they become law in the form of appropriation acts. Appropriation acts are the vehicle through which payments from the Consolidated Revenue Fund are authorized in order to pay for government programs and services.

A full Supply Bill for the 2013-14 Main Estimates will be tabled in the spring.

IF THERE IS A DISCREPANCY BETWEEN ANY PRINTED VERSION AND THE ELECTRONIC VERSION OF THIS NEWS RELEASE, THE ELECTRONIC VERSION WILL PREVAIL.

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This news release is available at www.tbs-sct.gc.ca.

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Contacts:
Matthew Conway
Press Secretary
Office of the President of the Treasury Board and
Minister responsible for FedNor
613-957-2666

Media Relations
Treasury Board of Canada Secretariat
613-957-2640





Source: Marketwire