Ottawa, February 11th, 2008
The Honourable Jim Flaherty, Minister of Finance, will table the Government’s third budget on February 26, 2008. The Minister will present it in the House of Commons at approximately 4 p.m. EST that day.
“In this budget, we will be doing what households and businesses do when things are uncertain: we will be acting in a responsible manner,” said Minister Flaherty.
“Canada’s economic and fiscal strength gave the Government the opportunity in its October 2007 Economic Statement to provide broad-based tax relief to individuals and businesses, while staying in surplus. Few countries in the world have this opportunity, and Canada is showing leadership in these uncertain economic times.”
Overall, tax relief announced in the October Economic Statement will amount to almost $60 billion over this and the next five fiscal years. Combined with previous tax relief introduced by this Government, total tax relief over the same period approaches $200 billion.
The budget will include the Debt Management Strategy, which sets out the Government’s objectives, strategy and plans for the management of its domestic debt and foreign currency liabilities.
All Department of Finance publications can be viewed free of charge on the Department’s website. These include the 2008 budget documents, which will be made available shortly after the budget is tabled on February 26, 2008.
Printed copies of The Budget Plan will cost $26.25 including GST. The order form can be downloaded from the Department’s website at www.fin.gc.ca/subs/subse.html, or can be obtained by calling the Department’s distribution centre at 613-943-8665. Copies of The Budget Speech, The Budget in Brief and other budget documents will be available free of charge from the distribution centre.
For further information, media may contact:
Office of the Minister of Finance
Department of Finance
SOURCE: Dept of Finance Newsroom