Flaherty plans no big spending
TORONTO Canada’s next budget will contain no big new spending plans as the country emerges from tough economic times, Finance Minister Jim Flaherty said on Friday.
“This is not the time for risky new spending schemes that will increase deficits and raise taxes,” Flaherty told reporters as he began consultations ahead of the 2011-12 budget, expected early next year.
“This is a budget where our intention is to stay the course — no big new spending plans. I think Canadians expect us to be a fiscally conservative, responsible government, as we have been,” he said.
Flaherty said the government will continue to focus on securing the recovery and returning to balanced budgets.
“The Canadian economy is on the right track, but the global recovery is fragile,” he said.