UPDATE 1-FACTBOX-Five facts about Canada's budget package

Mon Jan 26, 2009 3:51pm EST

(Adds permanent tax cuts)

OTTAWA Jan 26 (Reuters) - Canada's Conservative government has already revealed some details of its upcoming budget and stimulus package in the days leading up to the official release of its spending plan on Tuesday at 4 p.m. (2100 GMT).

Following are five facts about the budget:

* Ottawa predicts it will run a C$34 billion ($28 billion) deficit in 2009-10 and a C$30 billion deficit the following fiscal year. This will be the first deficit since 1996-97.

* Excluding economic stimulus measures, independent forecasts are for a 2009-10 deficit of between C$10 billion and C$20 billion.

* The government has so far earmarked: C$7 billion for infrastructure; C$2 billion for social housing; C$1.5 billion for worker training; C$1 billion for a fund to aid single-industry towns hardest hit by the recession; and C$550 million for farmers.

* The budget will contain permanent tax cuts, Prime Minister Stephen Harper said.

* If all three opposition parties vote against the budget in coming days, the government would fall, prompting either a snap election or the formation of an opposition coalition government. The chief opposition leader, Michael Ignatieff, said this week Canada needed an early election "like a hole in the head".

($1=$1.22 Canadian) (Reporting by Louise Egan; editing by Rob Wilson)

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