Canwest News Service
National Post: Saturday, December 19, 2009
http://www.nationalpost.com/news/canada/story.html?id=2361820
Federal transfers to the provinces and territories will reach a record $54.4-billion in the coming fiscal year, the Finance Department announced yesterday.
The announcement coincided with a meeting in the Yukon capital involving federal Finance Minister Jim Flaherty and his provincial and territorial counterparts.
The total payments, including everything from equalization transfers to health transfers, will be $2.5-billion more than the current fiscal year. Transfers to Ontario mark the biggest increase, rising about $1.2-billion to $15.48-billion in the coming fiscal year.
Funding to the three territorial governments will climb by $166-million, to $2.7-billion.
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