The Canadian Broadcasting Corp. (CBC) and the National Film Board of Canada are going to have to make do with 10% less. That’s the amount Prime Minister Stephen Harper’s budget cut Tuesday from the public broadcaster and the documentary agency. The CBC will lose $115 million, in Canadian dollars, from the $1.1 billion it currently receives from the Canadian government. Telefilm Canada will also see a 10% reduction in its budget.
The initial CBC cuts will take place over two years, with $27.8 million lost in 2012-2013 and then $69.9 million in 2013-2014. After 2014, $115 million will come out the broadcaster’s annual taxpayer subsidy. Government funding currently makes up 60% of the CBC’s overall revenue.
The NFB will lose $6.7 million a year until 2015. Telefilm Canada will lose $10.6 million.
While he made no reference to the CBC or NFB cuts in his budget speech, Canadian Finance Minister Jim Flaherty did say that, in aiming for a balanced budget by 2016, “we will implement moderate restraint in government spending.” The government is cutting $5.2 billion annually overall from its current expenditures of $276.1 billion.