This report looks at Budget 2007. The federal budget presented by Canada’s Conservative government includes tax and spending measures, and aims to restore the “fiscal balance.”
The 2007 Federal Budget: We’re All Spenders Now
The 2007 Federal Budget: We’re All Spenders Now
Canadian Economic Analysis
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- Exceeding all expectations, the federal surplus reached $14.1 billion in 2006–07. Of this, $9.2 billion went to debt repayment and the remainder to new spending measures.
- The federal government asserted that the “fiscal balance” is restored through generous increases in the health and social transfers and a revamping of the equalization formula.
- Funding for transportation infrastructure and targeted business tax measures should help bolster productivity.
- Personal income tax measures are aimed at low-income families and the working poor.
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