Question

1. Search the Internet for a provincial or federal government overall OR a department business plan.
2. Examine the plan for underlying public policy objectives. List and describe the objectives.

Example

Topic :COVID rapid response

The COVID 19 Rapid Response fund was set up to alleviate the suffering of the people. “In March 2020, the Government of Canada announced $1 billion to support a whole-of-government COVID-19 Response Fund, which supports federal public health measures such as enhanced surveillance, increased testing and ongoing support for preparedness in First Nations and Inuit communities” Government of Canada (2020). The policy aims to reduce the suffering of people hit by COVID 19 that led to the loss of jobs and increment of unemployment in the country.

The objective of the response fund is to support researchers that will help develop measures to detect and reduce the transmission of COVID-19. The fund enabled the health care system to test patience suffering from the virus and help contain the spread of COVID 19 Government of Canada (2020). According to a research from the University of Calgary (2020), he objective is to support Alberta-based genomics projects designed to address specific, short-term needs of industry, not-for-profit, and public sector receptors through research conducted by academics in collaboration with these receptors, with near-term outcomes that address the COVID-19 crisis.

Answer 1

Economies response plan has helped protect millions of jobs ,provides emergency support to families and keep businesses on afloat as they deal with the impact of covid 19 .a central part of this regional relief and recovery fund which helps support those who may not be eligible for other programes to get benifit. Canada has announced new financial and tax measures in response to covid19 .In addition to to extending certain tax filing and payment deadlines,canada will provide a variety of financial measures for canadian individuals and business affected by the COVID 19 outbreak. As of August 11 ,2020 the announcement measures to support individuals and businesses included approximately $ 214 in direct support $and $ 85 in tax deferrals ,an addition to other liquidity support and capital relief. The Prime Minister announced a new set of economic measures to help stabilize the economy during this challenging period .COVID 19 Economic Response plan wil provide up to $ 27 billion in direct support to canadian wokers and business.

* Providing liquidity on a daily basis to financial institution that participate in the payments systems operated by payments canada under its standing liquidity facility (SLF) loan made by the Bank of Canada must be fully collaterlized.

* Allowing large value transfer system (LVTS) participants to temporarily assigns 100 per cent their non mortgage loan portofolio (NMLP) as pleged collateral for the self ,in order to give institutions greater flexibility in managing their collateral.

* Effective imidiately ,LVTS participants wo do not use their NMLP will be able to hold up tp 100% of their pledged collateral for the SLf in securities that are currently subject to concentartion limits.

* The Bank of Canada also increased the target for the target for the minimum daily level of settlement balances from $ 1 billion to $ 2 billion.