View source for 2003 Canadian federal budget

{{more citations needed|date=September 2018}}
{{Infobox Government Budget
| title = Budget of the Canadian Federal Government
| year = 2003
| country = Canada
| previous_budget = 2001 Canadian federal budget
| previous_year = 2001
| next_budget = 2004 Canadian federal budget
| next_year = 2004
| image = 2003_Canada_Federal_Budget_logo.jpg
| imagesize = 250
| caption = 
| submitter =
| submitted_to =
| date_submitted =
| presented = February 18, 2003
| passed = 
| parliament = [[37th Canadian Parliament|37th]]
| party = [[Liberal Party of Canada|Liberal]]
| minister = [[John Manley (politician)|John Manley]]
| treasurer =
| chancellor =
| Total_Revenue = [[Canadian dollar|C]]$186.2 billion<ref name="2005 budget">{{cite web|title=The Budget Plan 2005 |url=http://www.fin.gc.ca/budget05/pdf/bp2005e.pdf |work=2005 Budget |publisher=Department of Finance Canada |date=2005 |accessdate=2009-05-08 |author=Department of Finance Canada |archiveurl=https://web.archive.org/web/20101206184039/http://www.fin.gc.ca/budget05/pdf/bp2005e.pdf |archivedate=2010-12-06 |url-status=live }}</ref>
| Total_Expenditures = C$177.1 billion<ref name = "2005 budget"/>
| spending = C$141.4 billion<ref name = "2005 budget"/>
| tax_cut = 
| debt_payment = C$35.8 billion<ref name = "2005 budget"/>
| surplus = C$9.1 billion<ref name = "2005 budget"/>
| deficit = 
| debt = C$501.5 billion<ref name = "2005 budget"/>
| bill = 
| bill_link = 
| url = 
}}

The '''Canadian federal budget of 2003''' was unveiled on February 18, 2003. It was the first budget issued by Finance Minister [[John Manley (politician)|John Manley]] who was given the job in May 2002 replacing [[Paul Martin]]. It was also the last budget of Prime Minister [[Jean Chrétien]].

In the previous fiscal year the Canadian economy had done well, despite the recent recession in the [[United States]]. The budget saw another large surplus, which was enhanced by a shift to more stringent [[accrual accounting]] announced in the budget.

The bill was largely seen as a departure from the fiscal austerity of the last several years. It had a wide range of new spending initiatives on [[health care]], child care, defence, education, and other social programs. The budget had only limited tax cuts, mostly directed at corporations. The budget set forth a plan of gradual reductions that would see corporate taxes fall well below American levels. The most important was the reduction of the Canadian Capital Tax. [[Employment Insurance]] premiums were also cut.

==References==
{{Reflist}}

==External links==
*[https://web.archive.org/web/20050403203459/http://www.fin.gc.ca/budtoce/2003/budliste.htm Budget 2003 - Ministry of Finance]
*[http://www.cbc.ca/budget2003/ CBC 2003 budget page]
*[https://web.archive.org/web/20070917090237/http://www.mapleleafweb.com/old/features/economy/budget/2003/index.html Mapleleafweb 2003 Federal Budget]

{{Canada federal budget}}
{{Jean Chrétien}}

{{DEFAULTSORT:Canadian federal budget, 2003}}
[[Category:Canadian budgets|2003]]
[[Category:2003 government budgets|Canada]]
[[Category:2003 in Canadian politics]]
[[Category:37th Canadian Parliament|Budget, 2003]]
[[Category:Premiership of Jean Chrétien|Budget, 2003]]
[[Category:February 2003 in Canada]]
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