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Ilia Merkoulovitch

UDPATE: Canada Budget Watchdog Sees Deficit Through Fiscal 2016 - WSJ.com - 0 views

online.wsj.com/...BT-CO-20110601-711646.html

Economic growth defecit debt election

shared by Ilia Merkoulovitch on 01 Jun 11 - No Cached
  • Ilia Merkoulovitch on 01 Jun 11
     
    Odds are very slim for the Canadian government to balance the budget by 2015. Though growth is projected at 2.9% for 2011, it is projected lower around 2% for 2012 and 2013
dani tav

Op-Ed: Canada's deflating economy - 1 views

www.digitaljournal.com/...307371

Government attempts to Bail out Canada Debt Large Defecit

shared by dani tav on 01 Jun 11 - No Cached
  • The reason for the minimal GDP growth that we had was government spending increased over this period and government debt increased by about $139 billion.
  • Government Debt
  • The government is in a dilemma now. Despite the rosy forecasts they like to create showing how well our economy is doing there are reasons for major concerns.
  • ...4 more annotations...
  • Government spending cannot continue to increase especially when it is financed by debt. The recession was started by economies overloaded with debt. Rather than deal with the imbalances government decided to increase spending "grow the economy" and create more debt. Now we are in a predicament that there are no tools left for governments to throw at the economic problems.
  • Canada's net debt had grown to $582 billion, up from $516 billion two years earlier.
  • The government's attempt to continue economic growth by borrowing has failed. Canada's economy is going nowhere and we are farther behind because of government debt. The future does not look much better for Canada's economy.
  • government borrowing huge amounts of money to bolster the economy
Ilia Merkoulovitch

Government can't balance books by 2014: watchdog - thestar.com - 1 views

www.thestar.com/...balance-books-by-2014-watchdog

Defecit debt economic growth

shared by Ilia Merkoulovitch on 01 Jun 11 - No Cached
  • The Conservatives, who are running a $30-billion deficit this year, said in the March 22 budget that they could erase the deficit by 2015.
  • The likelihood of realizing budgetary balance or better in 2014-15 is approximately 20 per cent and approximately 35 per cent in 2015-16
  • The parliamentary budget office forecasts annual budget deficits between now and 2015 totalling $128 billion
  • ...2 more annotations...
  • Unemployment, now at 7.6 per cent, will remain considerably higher between now and 2015
  • Sluggish U.S. growth combined with the Canadian dollar remaining above parity will subdue near-term growth in the Canadian economy and restrain the decline in the unemployment rate.”
  • Ilia Merkoulovitch on 01 Jun 11
     
    Government won't be able to get rid of deficit by 2015 as planned
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