Canada’s Martin, Who Erased Deficits, Finds Taste for Spending

Paul Martin, who as Canadian finance minister erased a quarter-century of budget deficits, is abandoning fiscal prudence with a multi-billion-dollar bid to save his government, investors said.
Now prime minister, Martin agreed yesterday to spend an extra C$4.6 billion ($3.7 billion) over two years on social spending and the environment, using half the money set aside to cover emergencies or pay down Canada’s C$488 billion debt. The socialist New Democratic Party won the spending in exchange for backing the proposed budget of Martin’s Liberal Party. Canada

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