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Latest Federal Budget Expects To Eliminate Deficit By 2015

 
 
OTTAWA - Federal Finance Minister Jim Flaherty introduced a stay-the-course budget on Thursday that pledges to eliminate the deficit by 2015.

He says the deficit for the current fiscal year is projected to be $25.9 billion, but will become an $800-million surplus by 2015-16.

MP for Macleod and Minister of State for Finance Ted Menzies feels one of the budget highlights is a new Canada Job Grant that will focus on skills training to help employers find the workers they need. Menzies says "the fundamentals of this whole budget, you'll see the pattern, it's basically the plan that we've been working on, creating jobs, making sure that we can grow the economy for the long term prosperity of the country."

As far as funding for agriculture, Menzies says the refunding of the Growing Forward 2 program will be a big benefit for the agriculture sector. As well, he says "the capital gains maximum for a farm or small business was at $750,000 and we're moving that up to $800,000 and we're indexing it going forward, so that will help with the transition of many farms from father to son or father to daughter."

The government plans to cut travel expenses by encouraging greater use of teleconferences and other ways of holding meetings over long distances. They will also look to reduce massive printing costs by publishing more documents electronically and operating fewer government websites.


Posted on Thursday, March 21, 2013 at 4/20/2014 4:13:47 PM
Source: Tristan Tuckett - Country 95 News
 
 
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