New budget cuts for Canada

Finance Minister Jim Flaherty will present the new federal budget on Thursday. According to the CBC, he says cuts will go nowhere near health care, education, or social services. The cuts are estimated to be around 4-billion dollars, or 5 percent of spending.

The new budget will show how much each department will need to cut but it will not specify which services will be affected. This means that the specifics of the budget will remain unclear for the next several months.

Liberal and NDP leaders are predicting cuts in services, pensions, and environmental research.

A Carleton University business professor speculates that the government will make sure cuts aren’t felt by Canadians. He says they will mostly target administrative and policy staff such as government real estate.

The cuts are expected to be fully in place by 2014-15.

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