As described in The Times,the Liberal Canadian government in 1994 cut government spending by a fifth in order to eliminate a federal deficit of 9.2% of GDP. Nasty cuts or nice cuts, there will be blood | Rachel Sylvester - Times Online
Surprisingly,despite the huge cuts,the government was reelected as the public recognised that the cuts were done efficiently with the economic pain shared widely. Historically,the Liberals were big spenders on the welfare state.
The key to the success of the austerity programme was a reduction in the federal government
spending on defence;massive cuts in transport spending and in industrial,regional and agricultural subsidies; and a 23% reduction in the number of state employees.



LinkBack URL
About LinkBacks
Reply With Quote
