SYS-CON MEDIA Authors: Lori MacVittie, RealWire News Distribution, Bob Gourley, Kevin Remde, Gathering Clouds

News Feed Item

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

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.

TTY (telecommunications device for the hearing impaired) - 613-957-9090

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

Follow us on Twitter: @TBS_Canada

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

More Stories By Marketwire .

Copyright © 2009 Marketwire. All rights reserved. All the news releases provided by Market Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.