POLS 2250 Lecture Notes - Lecture 2: Deeper Understanding, Black Market, Fiscal Year
1 Feb 2017
School
Department
Course
Professor
Document Summary
Fiscal situation: government growth post-wwii, deficit and public debt. Deficit: the amount by which a sum falls short of some reference amount (over a fiscal year) Some combination of all 3: global economic recession (2008-09) In just 3 years (2008-09 to 2010-11) wiped out 11 years of debt repayment. Harper administration: new priorities and recession: open federalism". Cooperate and clarify respective roles and responsibilities respect provincial jurisdiction. Government priorities 2007-15: budget 2007- aspire to a stronger, safer, better canada. ". Tax back guarantee tax relief as a result of debt reduction. Military expenditure: budget 2008- responsible leadership". Money for new canada graduate scholarships and 20 global. Introduction of the tfsa (tax free savings account) excellence research chairs: gov. helps to provide financial support to students in order to receive a highly specialized and educated workforce. Attenuate effects of economic downturn i. e. forestry, farm programs, older workers.
