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Budget 97
Start of Term Paper
Finance Minister Paul Martin unveiled the Liberal government's 1997
budget recently. As most economic and political experts predicted there were
very few surprises, if any. This was a cautious and predicable budget that was
every bit politic .... Middle of Term Paper
... budget in the next two years. This is important because it will
allow the government to halt their foreign borrowing to finance the deficit.
This greatly helps the credibility of Canada and puts the country's destiny back
into domestic palms. With this said, Martin announced no new tax increases,
although the raise in the Pension Plan could be considered a hidden tax increase.
Martin announced no new spending cuts in this budget although cuts made in
previous budgets are set to slash 3 billion more dollars this year. There was
some extra spending sprinkled into various areas. For starters, a new tax
benefit will be created in co-operatio ... |
| Number of Words: 880 |
Approximate Pages: 4 |
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