Close X
Monday, September 23, 2024
ADVT 
National

Experts, Lobbyists Begin Pre-budget Testimony Before Finance Committee

Darpan News Desk The Canadian Press, 16 Feb, 2016 11:06 AM
    OTTAWA — A four-day blitz of advice from lobbyists and experts on the upcoming federal budget begins today before a parliamentary committee.
     
    But the struggling economy is expected to take centre stage as the Liberal government prepares its first budget, which is expected late next month.
     
    Stubbornly low commodity prices are expected to carve billions from the government's bottom line, putting significant pressure on Ottawa as it listens to pre-budget requests from some 90 interest groups.
     
    Prime Minister Justin Trudeau recently acknowledged the 2016-17 deficit would exceed his promised cap of $10 billion.
     
    Trudeau has also cast doubt on the government's election vow to balance the books in four years.
     
    Conservative finance critic Lisa Raitt is raising doubts about the wisdom of letting the deficit grow in such a fragile economy.
     
    Members of the House of Commons finance committee have noted the compressed consultation process won't be as complete as in past years due to the brief window before the budget. But several have said it will at least put the recommendations on the public record.
     
    Finance Minister Bill Morneau won't appear before the committee Thursday as planned, but will instead deliver a pre-budget presentation next Tuesday, said Liberal committee chair Wayne Easter.
     
    The format is designed to leave enough time for officials to write and translate a report on the hearings before the budget's release.
     
    The committee usually hears from experts and lobby groups in the months leading up to the budget.

    MORE National ARTICLES

    Surrey RCMP Dealing With ‘Unfolding Police Incident’ In Newton Area

    Surrey RCMP Dealing With ‘Unfolding Police Incident’ In Newton Area
    A huge of 72nd Avenue in the Newton area was behind police tape and at least eight RCMP vehicles could be seen in the area.

    Surrey RCMP Dealing With ‘Unfolding Police Incident’ In Newton Area

    Toronto's Sikh Community Delivers Special Valentine’s Day Gifts To Women's Shelter

    Toronto's Sikh Community Delivers Special Valentine’s Day Gifts To Women's Shelter
    Sikh community delivers cupcakes, chocolates and cards made by children, just to ‘say someone cares.’

    Toronto's Sikh Community Delivers Special Valentine’s Day Gifts To Women's Shelter

    Canada Beats Valentine's Day Cold Records

    Canada Beats Valentine's Day Cold Records
    Quebec saw windchills reach -46 C, Newfoundland saw 30 centimetres of snowfall in some places and Ontario broke an astounding 17 records for low temperatures in one icy swoop.

    Canada Beats Valentine's Day Cold Records

    Saskatchewan Couple Celebrates Valentine's Together After He Donates Kidney To Save Her Life

    Saskatchewan Couple Celebrates Valentine's Together After He Donates Kidney To Save Her Life
    Chris Willenborg met Errin Tollefson about five years ago, and Tollefson revealed she was on dialysis and on a waitlist for a kidney.

    Saskatchewan Couple Celebrates Valentine's Together After He Donates Kidney To Save Her Life

    Calli Vanderaa, Winnipeg Girl, Allegedly Shot With Stolen RCMP Gun Launches Lawsuit

    Calli Vanderaa, Winnipeg Girl, Allegedly Shot With Stolen RCMP Gun Launches Lawsuit
    Calli Vanderaa was 16 when she was hit outside a Mac's convenience store last October.

    Calli Vanderaa, Winnipeg Girl, Allegedly Shot With Stolen RCMP Gun Launches Lawsuit

    New Mortgage Rules Kick In As Ottawa Looks To Cool Toronto, Vancouver Markets

    New Mortgage Rules Kick In As Ottawa Looks To Cool Toronto, Vancouver Markets
    Canadians looking to buy homes between $500,000 and $1 million will have to put down larger down payments as new federal rules took effect Monday.

    New Mortgage Rules Kick In As Ottawa Looks To Cool Toronto, Vancouver Markets

    PrevNext