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Feb 26,2008
Canada awaits new 'prudent' budget
by UPI

OTTAWA -- Canada's new fiscal budget is "prudent" and reflects wariness of a weakened U.S. economy, the finance minister told reporters in Ottawa.

"It's a budget that's prudent," Canadian Finance Minister Jim Flaherty said. "We have to stay within our means. "We are doing some spending but in a controlled way, given the economic circumstances" in the United States, the Canwest News Service reported.

In recent days, Flaherty and Canadian Prime Minister Stephen Harper have said the budget won't contain new major tax cuts or spending initiatives, various media said.

There has been widespread speculation Harper's minority Conservative government could be challenged both on the plans for Canada's military involvement in Afghanistan and the budget, both of which were scheduled for debate Tuesday.

However, Liberal leader Stephane Dion recently said his party isn't ready to significantly challenge either issue to spark an election.

Copyright © 2008, by United Press International. All Rights Reserved.

1071 times read

Related news
Canada's Conservative budget passes by UPI posted on Mar 05,2008

Canadian government is divided on war by UPI posted on Feb 07,2008

Canadian senate told to fast-track budget by UPI posted on Mar 10,2009

Harper: Canada quits Afghanistan in 2011 by UPI posted on Feb 22,2008

Canada to extend Afghan mission -- maybe by UPI posted on Mar 14,2008

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