OTTAWA, ON: The Canadian Taxpayers Federation (CTF) today welcomed the fiscal impact study released by the Parliamentary Budget Officer (PBO) showing that in spite of a steep drop in oil prices, the federal government remains well positioned to balance the budget in fiscal 2015-16.
“This study clearly suggests that concerns about a dramatic drop in federal government revenues due to falling oil prices are overblown,” said CTF Federal Director Aaron Wudrick. “Indeed, even in its worst-case projection, the government would still be within $400 million – out of a budget of $279 billion – of balancing the budget.”
“We strongly urge the government to stick to its 2011 campaign commitment to balance the budget,” continued Wudrick. “Surely they should be able to find 0.14 per cent in efficiencies. All it would mean is a few less cases of corporate welfare handouts to profitable companies such as Pratt & Whitney and Linamar.”
Is Canada Off Track?
Canada has problems. You see them at gas station. You see them at the grocery store. You see them on your taxes.
Is anyone listening to you to find out where you think Canada’s off track and what you think we could do to make things better?
You can tell us what you think by filling out the survey