Archived - Canada Promotes Jobs and Growth at G-20 Meeting in Australia
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Minister Flaherty promotes need to balance job creation and growth with reducing deficits
February 21, 2014 – Sydney, Australia – Department of Finance
Finance Minister Jim Flaherty will meet with the Group of 20 (G-20) finance ministers in Sydney, Australia, this weekend where discussions will focus on supporting stronger economic growth, increasing employment and developing growth strategies.
Ministers will also discuss ways to improve the long-term investment climate of G-20 countries, with a particular focus on infrastructure investments and making reforms to the international tax system.
In addition, they will continue their work toward important reforms in the areas of financial regulation and International Monetary Fund governance.
Minister Flaherty will promote the need to balance job creation and economic growth with the need to reduce debts and deficits, as Canada is doing with its Economic Action Plan.
- This is the first G-20 meeting of finance ministers and central bank governors this year under Australia’s presidency. The last time G-20 members met in Australia was in 2006 in Melbourne.
- The G-20 is the premier forum for international economic cooperation, with members accounting for 85 per cent of global output and two-thirds of the world’s population.
- The G-20’s focus has been and remains to coordinate national economic policies to contribute to strong, sustainable and balanced growth.
“Canada continues to stand out among G-20 countries as an example of sound economic and fiscal management. Canada’s Economic Action Plan is an internationally recognized, credible plan that is creating jobs, growth and long-term prosperity, while keeping taxes low and maintaining a fiscal track to return to balanced budgets in 2015.”
- Jim Flaherty, Minister of Finance
Office of the Minister of Finance
Department of Finance