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Ottawa, Ontario, Canada (AHN) – in a revised budget that the Conservative Party will unveil on June 6 the Canadian government will remove the public subsidies that federal political parties used to receive.

The new policy would end the $2 per voter yearly subsidies federal political parties get from Ottawa.

Canadian Finance Minister Jim Flaherty said the removal of the annual subsidy would save the cash-strapped government $27 million a year per political party.

The Tories have long been against the subsidies, but are pushing anew for its abolition because the party got a majority in the May 2 election.

However, the subsidy would not be immediately removed but cut the financial assistance in phases over four years. The government would initially reduce it by $0.50, then by $1 and finally $0.50.

Canadian Prime Minister Stephen Harper said during the campaign that it is about time that political parties start to take some responsibility in raising their own funds.

The new policy would not hamper the Tories who are good at grassroots funding, but it is expected to financially cripple the smaller parties such as Bloc Quebecois and Green Party, which are dependent on the public subsidy. It may also affect the Liberals, who were badly battered in the May 2 election.

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