Prime Minister Stephen Harper said today that the low oil prices won’t stop the federal government from balancing its budget but it will reduce its fiscal flexibility.
Prime Minister Stephen Harper said today that the low oil prices won’t stop the federal government from balancing its budget but it will reduce its fiscal flexibility. Highlighting that there are countries a lot more exposed to the price of oil he reassured Canadians that the tax measures and investment increases that have been promised will still be delivered within the budget. The surplus will be lower; about half what was forecast; and that will raise questions about flexibility in the short term but the Prime Minister’s tone was upbeat and confident that the economy was well placed to cope with the oil situation.
