2009 Federal Budget – Economic Prospects

The 2009 Federal Budget proposes a wide range of tax relief and spending measures to deal with the current challenging economic conditions.
For the last 11 years the Government of Canada has enjoyed fiscal surpluses.  However, in the current year ending March 31, 2009, the government projects a $1.1 billion deficit. In the following years, the government expects deficits of $33.7 billion in 2010 and $30 billion in 2011. Will these deficits be enough to stimulate the economic recovery of Canada?

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