Canada’s premiers and territorial leaders will discuss a delicate balancing act when they meet this week for their annual conference — how to keep the tentative economic recovery on track while dealing with big deficits most of them racked up during the slump.While some believe more spending may be needed for infrastructure, job-creation or education, others say it is time to rein in ballooning budgets.
“Much of the problems of the world right now, economically, are related to budgets that just got out of control,” Saskatchewan Premier Brad Wall said in an interview.
“We’ve actually reduced spending in our budget this year in the province. That’s the road to balanced budgets, it’s a road to debt reduction and lower taxes and a more competitive economy. And in the long term, that serves economic growth much better than a temporary stimulus.”
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Author: Muchmor
