Bonus Assignment #1 -Canadian Budget

The Honourable Jim Flaherty, Minister of Finance, put forward a comprehensive budget plan to start economic growth, restore confidence and support Canadians and their families during this global recession. The economic plan of 2009 will be help Canadian families and companies deal with short-term challenges.

This is how the 33-billion stimulus package is going to be spent.

They are spending 12 million dollars for roads, bridges, broadband Internet access, electronic health records, laboratories and border crossings across the country. This will help support economic growth and employment.

They are spending $7.8 billion to build quality housing, stimulate construction and enhance energy efficiency. This includes a renovation tax credit which is providing 4.6 million families each with 1,350.

The action plan is going to support businesses, communities and alt least 90 % of the Canadians affected by the economic downturn.

This is only what Jim Flaherty(conservative) thinks about the economic action plan. Since there is a minority government all the parties have to agree. These are some of the things they can consider before stimulating the economic action plan:

-Canada budget sees $85 billion deficit over 5 years
-could we spend the Canadian budget in a different way
-do we need more infrastructure, targeted loans, and tax cuts
-how badly do communities and traditional industries need our support
-the budget suggests that there could be economic opportunities in the North

Michael Ignatieff (liberal leader) agreed to the contents of the stimulus package
The budget, with the amendment from the liberals, could pass next week!