Budget 2010: Leading the Way on Jobs and Growth

March 4, 2010 -- Ottawa, ON -- The Conservative government has launched an ambitious new federal budget focused on job creation and growth to support Canada's economic recovery. The budget also included a disciplined long-term plan to return to balanced budgets. "Our government presented a jobs and growth budget," said the Honourable Rob Moore, Minister of State for Small Business and Tourism. "We are completing year two of our Economic Action Plan to create and protect jobs now. We are also taking new, targeted measures to fuel new jobs in the future. Our forward looking action will secure Canada's economic growth for today and tomorrow."

The budget highlights three key objectives:

First, under year two of Canada's Economic Action Plan, it confirms $19 billion in new federal stimulus to create and protect jobs. This includes many job-creating projects in New Brunswick, such as $28 million to support operations of ferry services in Atlantic Canada, including the route between Saint John and Digby.

Second, Budget 2010 invests in a limited number of new, targeted initiatives to build jobs and growth for the economy of tomorrow, harness Canadian innovation, and make Canada a destination of choice for new business investment.

Third, it outlined a three-point plan for returning to budget balance once the economy has recovered. This includes ending the temporary stimulus measures as promised, restraining growth in spending through targeted measures, and additional restraint through an in-depth review of government's administrative functions and overhead costs.

Unlike the other political parties in Ottawa, the government has been clear it will not raise taxes or reduce transfers to provinces like New Brunswick.

In fact, Budget 2010 confirms the Conservative government's strong support for provinces.

New Brunswick will continue to receive increased federal support through Budget 2010. Total transfers will hit $2.7 billion in 2010-11, an increase of $591 million from under the old Liberal government.

This long-term support helps ensure New Brunswick has the resources needed to provide essential public services including healthcare, post-secondary education, and other social services.

Rob Moore is the Minister of State for Small Business and Tourism and the MP for Fundy Royal.

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William Spisso
Special Assistant - Communications
Office of the Honourable Rob Moore, MP (Fundy Royal)
Minister of State for Small Business and Tourism
(613) 996-2316