It's Budget Day
By 250 News
Tuesday, January 27, 2009 04:34 AM
Prince George, B.C.- The Federal Budget will be delivered today and there are hopes some Prince George projects will benefit from it.
Earlier this month, a delegation from Prince George met with Finance Minister Jim Flaherty. They came away from the session optimistic some of their ideas would see action. Those ideas included funding for the Boundary Road development, more dollars to expand UNBC’s role as a forestry research and bio energy centre, transitional training funding, infrastructure funding, and First Nations housing improvements.
Flaherty has already indicated the transfer payments to the Provinces will not be reduced. With reduced income from tax revenues, the Government will have to move into deficit spending. There has been talk the deficit will be in the $40 billion dollar range, and while he won’t confirm that number, Prime Minister Stephen Harper told a Calgary Herald reporter earlier this month that the deficit will be “Very large.”
Of course, the real issue will be, will the Liberals support the budget? If they decide not to, then Canadians can expect to head back to the polls for another election.
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