There is nothing really surprising in the announcement of the budget 2010; the government believes that spending restrictions while an economics growth should erase the deficit by 2015. Finance Minister expects the deficit to be reduced by 50% by 2012…But the actual deficit of $53.8 billion and the government will “only” save $17 billion over 5 years.

Knowing that, you can easily guess that leaders are counting on a great economic recovery with a slow interest rates increase; any unexpected drop in GDP or fast interest rates increase would dig the general deficit by billion of dollars.

But still, the impact on most people appears to be very little. For further information, follow that link ‘CBC-Budget-Highlights’or contact us directly here.