A Faster Track to Fiscal Balance: The 2011 Shadow Budget

Alexandre Laurin and William Robson
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Alexandre Laurin: C.D. Howe Institute

C.D. Howe Institute Commentary, 2011, issue 320

Abstract: The Commentary released today its 2011 federal Shadow Budget with a five-step plan to end the flow of red ink in Ottawa ahead of the government’s five-year timeline. In this paper, the authors show how Ottawa can return to budget surpluses in four years through more ambitious spending restraint and accelerate growth-friendly fiscal reforms. This faster track to budget surplus, say the authors, will position the federal government to launch new tax and spending initiatives around mid-decade, while protecting Canadians from possible debt-market disruptions arising from sovereign-debt concerns, and putting federal debt back on a downward track before the pressure of population aging on government finances intensifies.

Keywords: Fiscal Policy; Canada; federal budget; shadow budget (search for similar items in EconPapers)
JEL-codes: H60 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:cdh:commen:320

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