Canadians want their government squarely focused on the economy - and that's exactly
what the Harper government has been focused on.
When the worst of the global recession hit, we took action to protect Canadian jobs
with our Economic Action Plan. The results speak for themselves - Canada has the
best job record in the G-7, the lowest debt levels in the G-7, and among the strongest
projected economic growth in the G-7 going forward.
As the Canadian economy continues its recovery from the global recession, the Harper
government turns its head to the next step in the process - transitioning back to
long-term balanced budgets starting in 2015.
As recently confirmed in the Government's Annual Financial Report (find out more
by visiting www.fin.gc.ca), we are right on track by ensuring we have eliminated
wasteful spending and ineffective government programs. In fact, the deficit last
year fell to $18.9 billion, down by more than one-quarter ($7.4 billion) from the
deficit in 2011-12 and down by nearly two-thirds from 2009-10.
Importantly, we are doing this without raising taxes. In fact, we have cut taxes
over 160 times since forming Government, including cutting the GST from 7 to 5 per
cent and lowering personal taxes. That's reduced the tax burden on an average family
of four by $3,220. As well, earlier this fall, we froze EI premiums for the next
three years, saving Canadian businesses over $660 million in 2014 alone.
Taken together, the effect of our tax cuts is that government revenue as a percentage
of GDP is at its lowest level in over 50 years. When government is more efficient
and effective instead of large and bloated, that means more money in the pockets
of Canadian families and business - where it belongs.
Indeed, the Harper Government's constant hard work to control spending is making
a real difference. We've been examining every government department, identifying
wasteful spending and introducing common sense efficiencies to improve the way government
does business. The results speak for themselves: direct government program spending
has fallen by over five billion dollars over the past three straight years. This
is a first for any government in Canada - never in our history has direct program
spending fallen for three consecutive years.
Rest assured, the Harper government will stay on track for balanced budgets and
reducing wasteful spending.
Member of Parliament