An independent think tank dedicated to economic progress in Atlantic Canada.

Federal Budget 2009: What Will the Stimulus Package Mean for Atlantic Canada?

January 27, 2009

The Conservative government’s much anticipated fourth budget, tabled today by Finance Minister Jim Flaherty, is designed to respond to calls from across the country for an economic stimulus package. The signs of the deteriorating economy are clearly visible in the projected federal budget balance which goes from a small surplus in 2008-09 to a deficit of $16 billion in 2009-10, before adding in the new stimulus measures. 

Today’s budget measures push the overall deficit to $34 billion in the coming fiscal year and the budget is not positioned to return to balance until 2013-14. While most of the stimulus measures are concentrated in the next two fiscal years, today’s budget also includes permanent tax reductions and spending measures worth $5 billion annually.

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January 27, 2009

Federal Budget 2009: What Will the Stimulus Package Mean for Atlantic Canada?

 

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