ANALYSIS | A budget built on hope | CBC News ...Middle East

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ANALYSIS | A budget built on hope | CBC News
source : canadian news today ( Middle East ) () 18
Almost any budgetary process is an exercise in optimism. The federal government hopes it can hold the line on program spending. It hopes the global economy is on the road to a better place. Mostly, it hopes things don’t get worse. In a world awash in uncertainty, that can be a risky bet. “The risks are only to the downside,” said Kevin Page, president of the Institute of Fiscal Studies and Democracy at the University of Ottawa. The Fall Economic Statement (FES) is built on economic projections from multiple economists across the country.  Those projections indicate real GDP growth will slow to around 0.3 per cent this year but suggest Canada will avoid a recession. The statement indicates

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