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	<title>Acton Accounting &#38; Bookkeeping Blog &#187; budget</title>
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		<title>2010 Budget&#8217;s announcement</title>
		<link>http://www.actonaccountingandbookkeeping.com/blog/2010/03/05/2010-budgets-announcement/</link>
		<comments>http://www.actonaccountingandbookkeeping.com/blog/2010/03/05/2010-budgets-announcement/#comments</comments>
		<pubDate>Fri, 05 Mar 2010 18:53:35 +0000</pubDate>
		<dc:creator>Ali Acton</dc:creator>
				<category><![CDATA[Accounting Services]]></category>
		<category><![CDATA[Acton accounting]]></category>
		<category><![CDATA[budget]]></category>
		<category><![CDATA[deficit]]></category>
		<category><![CDATA[finance minister]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[spending restriction]]></category>

		<guid isPermaLink="false">http://www.actonaccountingandbookkeeping.com/blog/?p=44</guid>
		<description><![CDATA[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 [...]]]></description>
			<content:encoded><![CDATA[<p>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.</p>
<p>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.</p>
<p>But still, the impact on most people appears to be very little. For further information, follow that link ‘<a href="http://www.cbc.ca/money/story/2010/03/04/budget-highlights.html">CBC-Budget-Highlights</a>’or contact us directly <a href="../../contact_us.html">here</a>.</p>
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