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Ottawa, January 12, 2004
2004-003

Minister of Finance Seeks Priorities of Canadians at Launch of Pre-Budget Consultations

• Speech by the Honourable Ralph Goodale, Minister of Finance, to the Regina & District Chamber of Commerce.

Minister of Finance Ralph Goodale today asked Canadians to speak out on priorities the federal government must consider in preparing the 2004 budget in a time of fiscal constraint.

"Good government is about living within our means," Minister Goodale said in an address to the Regina & District Chamber of Commerce at the launch of his pre-budget consultations. "It is about fiscal discipline and balanced budgets, respect for the taxpayer’s hard-earned money, careful spending, prudent management, transparency, accountability and value for money."

In his address Minister Goodale outlined the Government’s need for sound finances in the midst of slowing economic growth, noting private sector forecasters expect growth of 1.6 per cent in 2003, half the growth projected in last year’s budget.

"I trust the wisdom of Canadians to provide astute guidance," said Minister Goodale. "That’s what these consultations are all about."

Minister Goodale said Canadians will be asked four questions at each pre-budget consultation:

• While maintaining annual balanced budgets, what is the appropriate balance among debt reduction, spending on social and economic priorities and tax cuts?

• How should the Government address the priorities of Canadians, such as health care and education, in a time of small surpluses?

• What social and economic policies will strengthen Canada’s social foundations, build a 21st century economy and ensure us a place of relevance in the world?

• What activity areas should the Government cut its spending in, so that it can increase funding for higher priorities?

The Minister will hold pre-budget consultations across Canada.

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