Close X
Sunday, November 17, 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 Police Search For 'Robber' Wearing Flowing Faux Tresses Topped By Pink Toque

    Mounties in Surrey, B.C., want to talk to him about it — and the financial institution he's accused of robbing

    Surrey Police Search For 'Robber' Wearing Flowing Faux Tresses Topped By Pink Toque

    Surrey’s New Police Officer Arrests Wanted Langley Auto Thief

    Surrey’s New Police Officer Arrests Wanted Langley Auto Thief
    Charged in this incident is 52 year old Langley resident, Dean WILLIAMS. WILLIAMS, known to police, has been charged with Theft over $5000 and Possession of stolen property over $5000.

    Surrey’s New Police Officer Arrests Wanted Langley Auto Thief

    Cartoon Of Dead Syrian Toddler In Controversial French Newspaper Charlie Hebdo Draws Outrage

    Cartoon Of Dead Syrian Toddler In Controversial French Newspaper Charlie Hebdo Draws Outrage
    Tima Kurdi took to Twitter to criticize the controversial French satirical newspaper Charlie Hebdo for its depiction of two-year-old Alan Kurdi.

    Cartoon Of Dead Syrian Toddler In Controversial French Newspaper Charlie Hebdo Draws Outrage

    PM Justin Trudeau 'Optimistic' About Ability To Diversify Economy

    PM Justin Trudeau 'Optimistic' About Ability To Diversify Economy
    Trudeau made his comments at a ceremony in Kitchener, Ont., where Google Canada opened a 17,000-square-metre facility that will house the company's national development team.

    PM Justin Trudeau 'Optimistic' About Ability To Diversify Economy

    Calgary's Bishop Lambastes 'Totalitarian' Plan For LGBTQ Rules In Schools

    Calgary's Bishop Lambastes 'Totalitarian' Plan For LGBTQ Rules In Schools
    In a public letter, Bishop Fred Henry says the plan is "totalitarian" and calls it a "forceful imposition of a particular narrow-minded anti-Catholic ideology."

    Calgary's Bishop Lambastes 'Totalitarian' Plan For LGBTQ Rules In Schools

    Bank Of Montreal Joins Chorus Of Economists Predicting Interest Rate Cut

    Bank Of Montreal Joins Chorus Of Economists Predicting Interest Rate Cut
     The odds that the Bank of Canada will lower its key interest rate next week are rising, with some of the country's big banks now predicting a rate cut.

    Bank Of Montreal Joins Chorus Of Economists Predicting Interest Rate Cut