Deficits Not So Temporary?

Posted on Wednesday, January 14 at 08:57 by Rural

OTTAWA — Canadians should expect at least half a decade of federal government deficits, the country's parliamentary budget watchdog says, as Ottawa readies a massive stimulus package to tackle the economic downturn.

The Harper Conservatives, who promised during the 2008 election campaign never to run a deficit, are now saying they will run temporary deficits to bail out the economy. They pledge to plot a course for returning to balanced budgets.

Parliamentary budget officer Kevin Page says that an early return to black ink appears difficult.

 

http://www.theglobeandmail.com/servlet/story/RTGAM.20090114.wbudget14/BNStory/politics/home

 

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