Canada Could Balance Budget in 2 Years With ‘Modest’ Spending Cuts: Report

Canada Could Balance Budget in 2 Years With ‘Modest’ Spending Cuts: Report
The Peace tower on Parliament Hill is reflected in the windows of the Bank of Canada in Ottawa on June 1, 2022. The Canadian Press/Adrian Wyld
Jennifer Cowan
Updated:
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Ottawa could balance its budget in as little as two years with “only modest spending restraint,” a new study has found.

Limiting growth in annual program spending to 0.3 percent would result in a balanced budget by 2026-2027, the Fraser Institute said in its latest study. Balancing the budget by 2025-2026 is also achievable, the report said, but would require a 4.3 percent reduction in program spending.
Jennifer Cowan
Jennifer Cowan
Author
Jennifer Cowan is a writer and editor with the Canadian edition of The Epoch Times.
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