The Importance Of Budgeting Balance In The Canadian Economy

The Canadian economy suffered a recession from 2009 until 2013; as part of the Canadian’s economy action plan to reduce the deficit and revamp the economy from $55.6 billion. In 2006, the government’s priorities have been creating well-paying wages and decrease taxes for families and businesses. As a result of this strategy, the Finance Minister projected an increasing budget for $1.4 billion surplus in 2015 to 2016 (Fig 1.0), and $1.3 billion amount over six years, from the beginning of 2017 to 2018. The effective and efficient budgeting balance allow to raise federal spending on provincial, territorial and municipal infrastructure.

Strategic plans are aligned with the Harper’s vision and objectives for Canada, for instance the budget will