Federal Finance Minister François-Philippe buys new shoes for the budget at the Boulet boot factory in St-Tite, Que., on Monday.

Tuesday’s federal budget will announce a $50-billion fund for local infrastructure, including housing, transportation and a specific stream for health infrastructure such as hospitals and emergency services, a senior government official told The Globe and Mail.

The source said the budget will also lay out a plan to retire aging military fleets as a way to save money on maintenance costs while the Canadian Forces wait for a wide range of new equipment that will be purchased through billions in increased defence spending.

A second senior government official said the budget is expected to include up to $1-billion to attract high-quality talent and researchers f

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