1980 Canadian federal budget
The Canadian federal budget for fiscal year 1980-1981 was presented by Minister of Finance Allan MacEachen in the House of Commons of Canada on 28 October 1980. It was the first budget presented after the Liberals won a majority in the 1980 Canadian federal election. Details of the budget. Taxes. The budget did not bring major changes to either personal income taxes or corporate income taxes as it mainly focused on the presentation of the National Energy Program. The budget maintained the indexing of income tax tables, costing 1.58 billions in 1981 alone. The budget  did however : Expenditures. The budget announced an increase in 13.2% of expenditures over the fiscal year 1979-80 due partly to increase oil prices and increase in public debt charges. Expenditure especially increased in energy programs (+300%) and economic development (+22%) with a special $350 millions enveloppe for industrial restructuring and manpower retraining.