OTTAWA, Ont. — The Canadian Press reported today that the Harper government is expected to shell out major funds for roads and bridges as part of the federal budget, in an effort to rebuild Canada’s ailing infrastructure.
It’s expected the feds will announce they have $1 billion more to spend than originally thought, and that infrastructure will be a spending priority. Finance Minister Jim Flaherty is expected to announce a surplus of about $13 billion. More than two-thirds will go to debt reduction with the remainder going towards roads, bridges and other job creation projects, the Canadian Press reported.
Despite the fact infrastructure is expected to be a priority, Flaherty cautioned Canadians that this budget will not be free-spending.
“We are doing spending, but we’re doing spending in a controlled way, given the economic circumstances this year and next year,” he told the Canadian Press. “People ought not to expect any big spending items because we have to stay within our means and be prudent and fiscally responsible, which we will be tomorrow.”
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