The Budget
Publication
The Empire Club of Canada Addresses (Toronto, Canada), 8 May 1989, p. 1-10
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The Budget


A joint meeting of The Empire Club of Canada and The Canadian Club of Toronto. A review of the federal government's recent budget. The problem of Canada's large and growing debt. How this budget will deal with getting that debt under control. How to maintain social and other programs and the high standard of living that Canadians want. How to respond to the changing world. An outline of the debt problem. The widening gap between expenditures and revenues. Building on the actions taken over the past four-and-a-half years. Details of elimination of programs and spending cuts. The creation of new jobs. The frustration of high interest rates. The result of spending reductions. Some figures and statistics to illustrate how the budget will work and its impact. Some clear economic objectives of the budget. Strategies for the longer term. The new Goods and Services Tax (GST). Goals of the Progressive Conservative government for Canada.