On Tuesday, Jim Flaherty, Minister of Finance, and Christian Paradis, Minister of Natural Resources, released an update on our Government’s economic and fiscal projections – for the first time showing a return to a balanced budget.
With help from Canada’s Economic Action Plan, Canadians are recovering from the economic recession, and getting back on their feet. In fact, since July 2009, our Conservative Government has helped create over 400,000 new jobs across the country.
And while we continue to help Canadians make ends meet, our Government is looking ahead to balanced budgets, and building a strong foundation for future economic growth.
Today’s update shows that our Government’s plan is on track. The federal deficit will be lower this year than previously forecasted. And for the first time since the global recession, we are forecasting a balanced budget.
While Canada is on the right track, our recovery remains fragile. That’s why our primary focus must remain jobs and growth.
Clearly, the Harper Government is helping solidify Canada’s recovery. By contrast, the Ignatieff/ NDP/Bloc-Québécois Coalition plans to raise job-killing taxes such as payroll taxes, by bringing in a 45-day work year. This would halt our recovery in its tracks and, according to experts, kill almost 400,000 jobs.
Our Conservative Government will not put the economic recovery in jeopardy. We will continue to prioritize the economy and the implementation of Canada’s Economic Action Plan.