Saturday, April 14, 2012

Parliamentary budget office...

says the Tories are on target to balance budget even sooner than thought!! That's from kevin page, hardly a friend of this government. The government needs to cut more, but tis is good news. OTTAWA — A new report from Parliament's spending watchdog shows federal expenditures are on pace to be billions of dollars less than expected in the fiscal year that just ended, meaning the Conservative government could balance the books earlier than anticipated and in time for the next election. A spending analysis of the first nine months of the 2011-12 fiscal year (April to December), released Friday by the parliamentary budget officer, shows expenditures decreased 2.4 per cent to $177 billion compared to the same period a year earlier. It also suggests federal spending — and the associated deficit — for the entire 2011-12 budget year that ended in March will be billions of dollars less than the Harper government projected in last month's federal budget. The fiscal blueprint estimated a deficit of $24.9 billion for 2011-12, with the budget being balanced by 2015-16. The government predicted a one-per-cent ($2.4-billion) increase in spending in 2011-12, but it looks like expenditures will actually drop several billion dollars (a possible reduction of between two and three per cent).

5 comments:

CanadianSense said...

Another scandal, lets call in the RCMP.

We were promised a structural deficit. I remember months from opposition and media clamouring about it courtesy of an Report from PBO.

Balanced books, the horror!

(insert exploding heads) of high tax opposition parties going to the Polls in 2015 promising to spend more money to close the gap and protect our environment.

On pace to beat Brian Mulroney's

Jen said...

HUH! How can this be? Quick,let's call for a immediate emmergency committee meeting.

Are you sure that we are talking about the same Kevin Page, the opposition and their media suck every word from.

You are right CS, this is a scandal that needs RCMP to intevene. I wonder how many times the media are going to report this scandal to the public.


I say " Good work CPC.

Anonymous said...

The truth always hurts.
You won't hear anything from the CBC/National newspapers or from the opposition parties.
Crickets!!!

Anonymous said...

I propose to speed up the process by sacrificing the PBO to the cost cutting measures.

Anonymous said...

That's a great idea could we also include the AG?
Both are Johnny come latelys and after the government faces the innuendo and scorn by the media and opposition but suddenly it becomes quite clear that the government wasn't wrong after all.
So do the media retract their scorn and apologize - not likely.
Andrew Coine is one of these Liberal tent-dwellers.
Go figure.

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