Treasury Board President Tony Clement: Budgetary Estimates

National Defence Dept: In the main budgetary estimates for 2013-14 released on Monday, the government signalled its intention to cut spending in a broad range of departments, according to CTV. When supplemental estimates are included, the national defence budget for 2012-13 is even higher at $20.7 billion, which means it could actually face a budget cut of $2.7 billion or 13 per cent and with the next federal budget looming on the horizon, Treasury Board President Tony Clement has given Canadians a sneak peak at how the government intends to slash discretionary spending by nearly $5 billion in the next fiscal year. The biggest savings will come from the Department of Defence. Its budget will be cut to $17.9 billion for 2013-14 from $19.8 billion for 2012-13. (www.immigrantscanada.com). As reported in the news.