After Federal Finance Minister Jim Flaherty tabled the 2012 budget yesterday afternoon, NATIONAL didn’t waste any time and analyzed the budget from cover to cover. While it seemed like the ink on the official document was still drying, NATIONAL Ottawa’s Chris Froggatt, Managing Partner, and Bruce Anderson, Senior Advisor, worked with Toronto’s Richard Mahoney, Vice-President, Government Relations, on a complete summary highlighting the Conservatives’ first real budget.
Titled Our plan for jobs, growth and long-term prosperity, the Harper government’s budget has major investments in research, innovation, entrepreneurship, training and infrastructure, with a focus on job creation. On the other side, those who were born before April 1954 will see their eligibility for Old Age Security and Guaranteed Income Supplement gradually increase to 67 years by 2029.
The penny, which will be withdrawn from circulation, was not the only one not to make the cut this year. The Budget 2012 also sets-out to eliminate approximately 19,000 federal government positions over the next three years.