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G&M: Prime Minister Getting Ready To Cut Spending

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Tags: Canada, Government, Prime Minister, Stephen Harper

The Globe & Mail is reporting that Prime Minister Stephen Harper has laid out his government's plans for the next 5 or 6 years saying that they will continue to spend stimulus funds into 2011, but after that get ready for serious cuts to balance the books without raising any taxes.

"The government's approach will be clear. We won't be raising taxes, but we will be constraining growth, making sure that growth is very much contained in the future, and that the tax base of the country can gradually recover," Mr. Harper said in a year-end interview for CTV's A Conversation with the Prime Minister , taped for a Boxing Day broadcast.

Analysts and former Finance Department officials are already claiming that the Conservatives would have to raise the GST to help balance the budget or make huge cuts to spending on public programs.

Read the whole article here.
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