The budget: what to expect
The budget will contain some spending to promote growth and job creation – unemployment remains at 7.8 per cent – and it will include a tax credit for families whose children are involved in the arts. But its primary intention is to stay on track to eliminate the deficit by 2015.
(The Tories have projected a $45.4-billion deficit for fiscal 2010-11, which is down from the whopping total of $55.6-billion a year before.)
Extra money might be used to sweeten the pot for opposition parties, making them less likely to vote against the budget and force an election.
Right now, it seems all but certain that the Liberals and the Bloc will reject the budget because neither of their primary demands will likely be met.
The Liberals are calling for the elimination of corporate tax cuts, and the Bloc wants $2.2-billion designated to help offset the cost of implementing a harmonized sales tax.
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