Toronto, November 25, 2011

Archived - Budget 2012 Will Remain Focused on Jobs and Growth

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The Honourable Jim Flaherty, Minister of Finance, today said that the next federal budget will stay focused on growing the economy, protecting Canadian jobs, reducing the deficit, and returning to balance in the medium term.

Speaking to the Canadian Club of Toronto, the Minister said, “In uncertain times, the most important contribution the Government can make to bolster confidence and growth in Canada is to maintain a sound fiscal position.

“We need to anticipate that there will be further economic challenges down the road, and plan accordingly. But global economic angst will not sidetrack us from our ultimate goal of balanced budgets.”

National consultations for Budget 2012 will begin early next month and continue into the new year, at several locations around the country and on the Department of Finance website.

“In the coming weeks we will once again consult widely with Canadians on shaping Canada’s economic future,” said Minister Flaherty. “We want to hear their ideas on how we can generate jobs and growth while keeping taxes low and returning to balanced budgets in the medium term.”

The Minister also noted that he was looking forward to working with his provincial counterparts when they meet in December and strive, together, to usher in a post-recovery era of fiscal discipline and fiscal responsibility.

“Canada has been a leader throughout the response to the global economic downturn, and we will remain a leader,” Minister Flaherty said. “If we strive for an enduring economic prosperity, not fleeting short-term political gratification, the reward will be a legacy we will be proud to leave to our children and grandchildren.”

For further information, media may contact:

Mary Ann Dewey-Plante
Press Secretary
Office of the Minister of Finance

Jack Aubry
Media Relations
Department of Finance

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