Bloomberg News

Canadian Spending Cuts Will Be Within Expectations, Harper Says

March 25, 2012

Canadian Prime Minister Stephen Harper said spending cuts in his government’s March 29 budget will fall “within the expectations” his party set during the last general election in May.

“The actions the government will be taking will be within the expectations we set during the election campaign,” Harper told reporters at a news conference today in Tokyo.

The government said in its budget last March that it would seek to cut spending by as much as C$4 billion ($4 billion) annually.

“We’ll also be making some very significant investments in changes to ensure the growth of the Canadian economy in the future to ensure that we continue to create jobs and that we have long-term prosperity and sustainability of our social programs,” he said.

To contact the reporter on this story: Andrew Mayeda in Ottawa at amayeda@bloomberg.net

To contact the editor responsible for this story: Jarrett Banks at jbanks15@bloomberg.net


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