The Vice President of the Canadian Federation of Independent Business, says she’s concerned the Federal Government didn’t mention a plan to balance the books Tuesday in their fall economic update.
Marylin Braun-Pollon says they are pleased that deficit numbers are done, but believe it’s imperative a plan to balance the books is put in place soon rather than later.
“We are pleased that the deficit numbers are down from budget, but now is really the time for a plan to balance, not for a whole bunch of new spending,” Braun-Pollon says. “It is welcome news that the deficit numbers are down from budget, but we believe it is a major priority to have a plan to get back to balance.”
Braun-Pollon is the VP of the Canadian Federation of Independent Business and says more spending is not what’s needed right now.
“An improved financial picture for government will lead to pressured increased spending, and so deficit elimination should be the priority right now.”
Finance Minister Bill Morneau did say families with children and low-income Canadians will see their federal government benefits rise, starting next July.
Morneau says the government will strengthen the Canada Child Benefit, by indexing it to inflation starting next Canada Day.