The budget is over 400 pages long. People like so many different things about this budget. However, I can think of a number of things in particular.
It's a bit of a financial, economic, autonomy and growth package that I would say is the monetizing of federal transfers, the bonding and surety, the special purpose vehicles, as well as accelerating the additions to reserve process.
In my speaking notes, I talked a little bit about the benefit of the bonding and sureties. I can't underscore that enough. We can have a target of 5% of procurement, but if indigenous businesses can't bid because they can't get bonding because they don't have assets that they can use as collateral, then we're never going to meet that 5%. In discussions with a number of leaders, this issue was raised and a suggestion was made.
It's the same with the special purpose vehicles. They allow a number of first nations, Métis and Inuit businesses to be able to actually come together as one company. That reduces the risk because the loan is actually looked at from a project perspective as opposed to the individual nation's health. If they're looking to buy equity into X, Y or Z project, it's actually the review of the project.
Monetizing federal transfers is frequently what municipalities are able to do with stuff like the Canada community-building fund. They're able to get a loan from the bank by showing that they have annual funding coming in from the federal government. Instead of having to save up all their money to be able to buy their water, to install the water treatment plant or...the school or houses, they're actually able to get a loan with those federal transfer payments as a monetization.
There are some of those policy things. Of course, there are also the tax cuts, the consumer carbon price reduction, the automatic tax enrolments, the housing and the infrastructure.
I would say there are a bundle of packages to increase the financial and economic opportunities, as well as just the taxes, infrastructure and budget.
