Adjusted for inflation, new infrastructure funding through the municipal GST rebate, Gas Tax Fund, P3 Canada Fund and Building Canada Fund will be $5 billion less over the next four years.
federal budget 2013
Ten years too late, the Tories have discovered their economic policies have destroyed Canada's manufacturing sector, including hundreds of paper mill towns.
The 2013 Federal Budget should be a considerable disappointment: it involves essentially no additional funding and actually reduces overall spending in future years.
Despite government claims to the contrary, today's federal budget actually reduces infrastructure spending, says the Canadian Centre for Policy Alternatives.
The Finance Minister got a new pair of shoes. Canadians got a new federal budget. And women in Canada got another haircut.
In the aggregate, this budget is on austerity autopilot. We need job-creating programs like infrastructure investments -- but what we got was cuts in infrastructure spending.
Good governance begins with transparency. We renew our call on the government to be transparent about what its budgets mean for services, workers, families, communities and the economy.
For the Harper Government, the optics of tabling a balanced budget by 2015, in time for the next election, seem to trump the reality of unemployed Canadians right now.
Canada needs to be rid of the idea that for the public good, and the general welfare, the federal government needs to balance the budget.
If Flaherty were to decide to give away an additional $2 billion to the oil and gas industry, he would, of course, have to find an additional $2 billion in spending cuts and loophole closings.