Linked Header

Wednesday, August 17, 2011

Finance Minister Has Confidence Of Taxpayers Federation

Provincial Finance Minister Blaine Higgs is warning more spending cuts will have to be made as the provincial debt rises by a billion dollars to almost 9.5 billion.

Despite the enormity of the task, Kevin Lacey of the Canadian Taxpayers Federation is optimistic Higgs can get a handle on it and balance the books.

Lacey says the government should concentrate on the, healthcare and infrastructure like roads with other spending open to reductions which means not giving tax credits to make movies or stage CFL games.

Higgs also cautions economic growth will not be robust enough to give the government enough revenues to make up the shortfall.