+ 1-888-787-5890  
   + 1-302-351-4405  
 
 
 
 

Essay/Term paper: Budget 97

Essay, term paper, research paper:  Management

Free essays available online are good but they will not follow the guidelines of your particular writing assignment. If you need a custom term paper on Management: Budget 97, you can hire a professional writer here to write you a high quality authentic essay. While free essays can be traced by Turnitin (plagiarism detection program), our custom written essays will pass any plagiarism test. Our writing service will save you time and grade.


Budget 97
Finance Minister Paul Martin unveiled the Liberal government's 1997 budget recently. As most economic and political experts predicted there were very few surprises, if any. This was a cautious and predicable budget that was every bit political as it was economical. With the Liberal government set to call an election in late May or early June the Party was very reluctant to rock the boat further. This is what they have done in the 1997 budget and the subsequent reactions to the new budget from both the business and political communities.
In this no-surprises, pre-election budget, Martin said deficit cutting is coming to an end and that Canadians, particularly the unemployed, will soon reap the rewards of 40 months of strict financial management. With the Federal deficit dropping over the last few years, the Liberals feel that they can balance the budget in the next two years. This is important because it will allow the government to halt their foreign borrowing to finance the deficit. This greatly helps the credibility of Canada and puts the country's destiny back into domestic palms. With this said, Martin announced no new tax increases, although the raise in the Pension Plan could be considered a hidden tax increase. Martin announced no new spending cuts in this budget although cuts made in previous budgets are set to slash 3 billion more dollars this year. There was some extra spending sprinkled into various areas. For starters, a new tax benefit will be created in co-operation with the provinces, costing the Federal government $600 billion. This program is attempting to help the poor and this can be effective economically because poor people tend to spend everything they have, and they almost always spend it domestically. This program will be introduced in two the stages, the first of which will begin this July with a $195 million supplement. Instead of benefits being capped at $500 per family, the maximum working income supplement benefit will be increased to $605 for the first child, $405 for the second child and $330 for each additional child. Other expenditures will be include; tax credits for students, $300 million in new health care funding and tax credits for medical expenses of the disabled. Depending on how you look at it, Martin is either spending more or just cutting less.
There have been many contrary viewpoints that economic and political leaders have thrown out and most are unsure. It appears that Martin has created a no-brainer budget that doesn't do anything to hurt but does not make Canadians feel better either. Martin was expected to put money into job creation in order to lower the unemployment rate and inject money into the economy. That didn't happen. Martin was expected to cut some taxes in order to take some of the boulders off of the already burdened shoulders of the average Canadian. That didn't happen. On the plus side there were no new cuts or tax raises planed and that could be used as leverage by the Liberals in the upcoming election. All in all this was a very political budget filled with lots of rhetoric instead of concrete answers about the future of Canada. From a political point of view this budget and the results from previous budgets puts the Liberals on pretty solid ground. The promises of balanced budgets and a flourishing economy will ring in every Canadians ear as the election approaches. The promises of large financial rewards will definitely give the Liberals an edge, and a much-deserved edge. The Liberal party has begun to effectively clean up the mess that the Tory's left them and that should not be overlooked. From an economic standpoint the 1997 budget left things pretty close to the status quo. The thing that was lacking was the absence of a tax cut that could stimulate jobs and help working Canadians. The addition of new funds for the poor is little but not nothing and could potentially help to raise the GDP by injecting more local money. With all of this said Paul Martin did not bail of job creation all together. The largest amounts of new spending in Martin's highly conservative budget are for innovation, education and children. These are the kinds of things that will do little to create jobs today, but will be crucial for the new jobs of tomorrow. The presence of a well-educated work force is crucial in attracting job-creating investment and that is what Martin is attempting to achieve with this budget. It appears that the worst of the tax cuts is behind us and although there are critics who criticized Martin's assault on the deficit, it appears that it had to be done in order to prevent Canada from hitting the debt wall.
The all out war on the deficit has almost been won, and Martin and the Liberal government should take a bow for that. Martin's budget, filled with flowery phrases and dreams, did little to completely satisfy the average Canadian. The fact is that Martin is doing what has to be done to make this country viable into the 21st century and the voting public will likely not forget that come election time. That was the mission of the Liberal government, a mission that will likely continue for four more years.



 

Other sample model essays:

Management / Business Plan
Business Plan Business Plan: Progressive Consulting What follows is a complete business plan for a hypothetical company. Please copy or save to your disk and use as an example in develo...
Book Review of Business Policy and Strategy: An Action Guide Submitted in partial fulfillment of B.S. in Business Administration Century University, New Mexico Grade = 95% {A} Business Policy...
Management / Business Redesign
Business Process Redesign (BPR) or Reengineering is "the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical, contemporary measures of ...
For decades prior to the 1981-82 recession, the national unemployment rates of Canada and the United States had been nearly identical. Since then, a persistent "unemployment rate gap" has emerged....
What are some of the major problems faced by "Third World" Countries today? Who should be held responsible for these problems? Why? What has Canada done to help "Third World Countries"? ...
Management / Capitalism
CAPITALISM SENIOR PROJECT RESEARCH PAPER BY JASON GERKEN CAREER ENGLISH MRS. CONLON 5/14/95 ...
Management / Capitol Punishment
CAPITAL PUNISHMENT Capital Punishment deters murder, and is just Retribution Capital punishment, is the execution of criminals by the state, for committing crimes, reg...
Davin Bloom English 152 Reuff, Instructor Paper 2 2/25/97 A career in the securities industry can offer exciting work if you enjoy working in a competitive and demanding atmosphere. Investm...
Table of Contents Introduction 3 Description 3 Segments 3 Caveats 4 Socio-Economic 4 Relevant Governmental or Environmental Factors, etc. 4 Economic Indicators Relevant for this Industry 4 ...
Chaos in The Currency Markets : Currency Crisis of The EMS 1. What does the crisis of September 1992 tell you about the relative abilities of currency markets and national governments to influen...
Experience with Dream Essay - Reliable and great customer service. Quality of work - High quality of work.
, ,
Dream Essay - Very reliable and great customer service. Encourage other to try their service. Writer 91463 - Provided a well written Annotated Bibliography with great deal of detail per th
, ,
it is always perfect
, ,
The experience with Dream Essay is stress free. Service is excellent and forms various forms of communication all help with customer service. Dream Essay is customer oriented. Writer 17663
, ,
Only competent & proven writers
Original writing — no plagiarism
Our papers are never resold or reused, period
Satisfaction guarantee — free unlimited revisions
Client-friendly money back guarantee
Total confidentiality & privacy
Guaranteed deadlines
Live Chat & 24/7 customer support
All academic and professional subjects
All difficulty levels
12pt Times New Roman font, double spaced, 1 inch margins
The fastest turnaround in the industry
Fully documented research — free bibliography guaranteed
Fax (additional info): 866-332-0244
Fax (additional info): 866-308-7123
Live Chat Support
Need order related assistance?—Click here to submit a inquiry
© Dreamessays.com. All Rights Reserved.
Dreamessays.com is the property of MEDIATECH LTD