Finance Minister Dwight Duncan released his fall economic statement on October 22.
The deficit is predicted to come in significantly higher than budgeted (now at $24.7 billion), but it doesn’t look like any in-year expenditure reductions are seen to be in order at this moment. Rather, the Government continues to focus on people and jobs. We do need to be concerned about the program review, now underway, which will lay the groundwork for a significant plan of action in the spring 2010 Budget.
As anticipated, this document also begins the pre-budget consultation process. Communities where round tables will be happening will be announced in November. We can also encourage literacy stakeholders to participate in the electronic on-line consultation. Follow party leaders, ministers and members of provincial parliament through their website, facebook, twitter or your favourite social networking tool. Send your comments – written or electronic – to their offices and participate in community round tables.
OLC full analysis of the fall economic update.
