As the western countries are still struggling with the recession and following the growing unemployment rate and dwindling economy, Canada is planning to be the leading country to narrow its deficit and move forward on the growth track. Last week’s budget presented a 5 year forecast based on three main goals – securing jobs and creating new ones, continuing to perform the action plan and lowering the deficit.
The Hon. Peter Kent mentioned that Canada is facing big challenges but he anticipates that the Canadian economy can be successful under these circumstances. “The plan may face some challenges but we know that our economy will get out of the recession even stronger then any other G8 country and at the same time we will work on lowering the deficit level.” He added that the way to achieve these goals is through cuts in government spending and freezing the salaries of the officials.
He details Canada's action plan here - http://www.shalomlife.com/eng/7879/We_Will_Not_Raise_Taxes/
Very interesting...