Budget 2010 highlights

Some of the big numbers for the 2010 federal budget (all numbers are projected figures for fiscal 2010-11 unless otherwise indicated):

• Projected deficit for current year (2009-10): $53.8-billion

• Deficit for 2010-11: $49.2-billion

• Total spending: $280.5-billion

• Program expenses: $249.2-billion (an increase of 4.7% over 2009-10)

• Debt charges: $31.3-billion

• Total infrastructure project spending: $7.7-billion

• Elderly benefits: $36.7-billion

• EI benefits: $22.6-billion (compared with $16.3-billion in 2008-09)

• Health and social transfers to provinces: $37.1-billion

• Transfers to municipalities: $2-billion

• Total federal debt: $566.7-billion

• Personal income tax to be collected: $117-billion

• Personal income tax cuts: $3.18-billion

• Corporate income tax to be collected: $22.3-billion

• Total excise duties and GST to be collected: $188.9-billion

• Savings from “containing administrative cost of government”: $300-million

• Administrative savings, 2011-12: $900-million

• Savings from “closing tax loopholes”: $355-million

• Total increase in funding for scientific research and post-secondary education: $1.88-billion