Skip to content

Budget 2024: $5B in Indigenous loan guarantees won’t bridge infrastructure gap

Guarantees in 2024 budget allow communities to decide which projects to invest in
web1_240416-cpw-indigenous-budget-hajdu_1
Indigenous Services Minister Patty Hajdu rises during Question Period, in Ottawa, Monday, April 15, 2024. THE CANADIAN PRESS/Adrian Wyld

The federal government is providing up to $5 billion in loan guarantees to help Indigenous communities invest in natural resource and energy products.

But when it comes to a promise to close what advocates say is a sprawling Indigenous infrastructure gap, Ottawa is short more than $420 billion.

Teased in last year’s fall economic statement, the Indigenous loan guarantee in the 2024 budget allows communities to decide which projects to invest in.

Support local journalism today

Join thousands of other like-minded readers and sign up below to gain immediate & unlimited access to our news for the next 30 days – plus start receiving our newsletters.

Sign Up with google Sign Up with facebook

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Reset your password

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

A link has been emailed to you - check your inbox.



Don't have an account? Click here to sign up