OTTAWA; Gurbax Mail MP for Bramalea-Gore-Malton says today’s federal budget will help restore the confidence Canadians have lost in the ceremony their government and themselves

The budget reduces government Spending and increases its revenue without raising taxes he says

There are five dollars in spending cuts for every one dollar of new revenues over the next three Years Mathi explains. This means a total cut of $23 billion over three years. The finance minister has had an extremely difficult task and he has given us a very fair and balanced budget.

The budget reduces the deficit from $45.7 billion in 1993-94 to $39.7 billion next year and $32.7 billion the year after. Spending Cuts are the most significant in 10 years.

There is good news here for Canada’s unemployed people Says Malhi. Unemployment insurance premiums have been rolled: back to the 1993 level and will create $200 million a year for small business to re-invest in new jobs. We needed 10 get more money into the hands of those who can provide work for others.

The MP believes the following initiatives will be of particular assistance in Bramalea = Gore Malton;  

a revived Residential Rehabilitation Assistance Program (RRAP) to make $50 million available for home renovation and boost the continuation industry

* making the Home Buyers’ Plan permanent allowing first-time buyers for use RRSP funds to buy homes

* to improve access to capital for small business a task force to work with banks to develop a code of conduct for small business lending

* establishing a Canada Business Services Center in every province to provide one-stop shopping for government services

* a consultative process to replace the Goods and Services Tax (GST) if you look at page 111 of the Red Book from the Liberal’s campaign. Malhi says you can sec we delivered on each one of our promises in our first four months in office. And this budget is just the first stage of serious far-reaching economic renewal.

Malhi added that the National Infrastructure Program new youth internship and apprenticeship programs and a Canada Youth Service Corps show the government is investing in people

We know taxpayers are tired of ‘a drifting economy’ says Malhi. This budget is proof that the government has cars to hear with and teeth to make some real changes in the way Canada docs business.

Article extracted from this publication >> March 4, 1994