Arab Today, arab today canada welcomes imf support to its budget balance plan
Last Updated : GMT 15:13:29
Arab Today, arab today
Arab Today, arab today

Canada welcomes IMF support to its budget balance plan

Arab Today, arab today

Arab Today, arab today Canada welcomes IMF support to its budget balance plan

Ottawa - Xinhua

Canadian Finance Minister Jim Flaherty on Monday welcomed the International Monetary Fund\'s (IMF) support for the government\'s plan to return to balanced budgets in the medium term. \"Thanks to our sound and stable economy and measures taken in the Next Phase of Canada\'s Economic Action Plan, the IMF is maintaining its positive outlook for Canada,\" said Flaherty. \"Given that global economic growth has weakened, the IMF continues to support our flexible and pragmatic approach to returning to balanced budgets in the medium term,\" he said. In a statement dated one week ago, IMF presented an overall profile of Canada\'s moderating growth and broadly favorable outlook, outlining the country\'s monetary and fiscal policies, and expressing its support to Canada\'s objective of returning to a stronger fiscal position in the medium term. Canada is pushing forward its consolidation plans, which aim at budgetary balance by 2015/16, relying on the expiration of stimulus measures, a strict containment of current spending growth, as well as higher revenues as the economy expands. \"This is necessary to put gross and net public debt on a declining path relative to GDP, thus placing public finances on a stronger footing to deal with the long-term spending pressures from population aging and the rise in health-care costs,\" IMF said in the statement. IMF endorsed the measures taken by the Canadian government to promote the long-term stability of Canada\'s housing market, including changes in the rules for government-backed insured mortgages. However, it said if household debt and house prices continue to rise much more rapidly than disposable income, further macro- prudential measures may be needed to prevent a more disruptive adjustment down the road. IMF praised Canada\'s banking sector for its good supervision and solid position, saying that the banks are well capitalized for the transition to Basel III requirements, and the authorities maintain high prudential standards and rigorous supervision. The IMF also welcomes Canada\'s intention to launch a Canadian securities regulator. \"The regulation of security markets at the national level would strengthen oversight and enrich an already strong institutional financial stability framework,\" it said. The IMF reviews the economic developments and policies of each member country, usually on an annual basis.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today canada welcomes imf support to its budget balance plan Arab Today, arab today canada welcomes imf support to its budget balance plan

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday