Arab Today, arab today canada welcomes imf support to its budget balance plan
Last Updated : GMT 14:03:01
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.

arabstoday
arabstoday

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

 



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 Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Syrian children die of hunger

GMT 19:25 2017 Sunday ,22 October

Syrian children die of hunger
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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