C.D. Howe Institute Outlines $26 Billion in Fiscal Initiatives for Ottawa; Stresses Longer-Term Fiscal Prudence



    TORONTO, Jan. 8 /CNW/ - Canada's 2009 federal budget can accommodate $26
billion in initiatives over four years to promote recovery while keeping the
country visibly on course toward its longer-term fiscal and economic goals,
according to a study released today by the C.D. Howe Institute. In "Lasting
Bang for the Stimulus Buck: Priorities for the 2009 Federal Budget," authors
William B.P. Robson, Alexandre Laurin and Finn Poschmann identify priorities
for Ottawa that best meet these criteria.
    Accelerated infrastructure spending, temporary EI liberalization, relief
for retirement savers and a time-limited national investment tax credit are
among measures offering a short-term economic boost at controllable cost, they
say.
    Spending and tax initiatives driving deficits totalling $40 billion over
the next four years could be consistent with fiscal sustainability, they
conclude, provided the spending is matched by offsetting surpluses in the
subsequent four years.
    For the study click here http://www.cdhowe.org/pdf/ebrief_70.pdf





For further information:

For further information: William B.P.Robson, President and CEO;
Alexandre Laurin, Senior Policy Analyst; or Finn Poschmann, Vice President,
Research at the C.D. Howe Institute. Phone: (416) 865-1904; email:
cdhowe@cdhowe.org


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