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Social Issues
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| Number of pages / Number of words: |
10 / 2610 |
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It also proposed balanced budgets in the two following fiscal years, something that hadn't happened in over 50 years. As well, 1997 had been another strong year for job creation, a year in which another 372,000 new jobs were created, and the unemployment rate stood at only 9%, down from the 11.2% in 1993...
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This budget projected a $7 billion tax relief for Canadians over the next 3 years. It also promised on a plan to keep lowering the government's debt burden. The debt-to-GDP ratio was expected to drop from 72% to 63%. The budget also included new spending initiatives of which 80% were to health and education and access to knowledge and skills...
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