In the newly released Federal Budget 2016, Canada’s Liberal government, helmed by the newly elected Prime Minister Justin Trudeau, aims to invest nearly $1.9 billion ($1.4B USD) over a five-year period in various cultural industries.
"Our cultural industries represent a key sector of our economy and the intersection of art, science and technology offers infinite opportunities to innovate and problem solve," the report reads. "Investing in the Canadian cultural sector helps to create jobs, strengthens the economy and ensures that the unique Canadian perspective is shared with the world."
Top-line cultural items in the budget, enumerated in a section on arts investment that wasn't part of the 2015 budget, include $675 million to the Canadian Broadcasting Corporation/Radio-Canada; $550 million to the Canada Council for the Arts, the organization responsible for issuing grants and services to artists and arts organizations; $22 million to Telefilm Canada, and $13.5 million for the National Film Board of Canada. An additional $114.9 million has been pledged to the National Arts Centre for its first two years, 2016-2018.