One political heavyweight in Canada is making big plans to help reduce New Brunswick's deficit by cutting down on how much money the government spends.
The leader of the Progressive Conservative party, David Alward, said that he would move to cut down on the retirement benefits the government hands out, the Daily Gleaner reports. If all goes according to plan, Alward estimates that the country will save $150 million a year in budgetary spending.
"We will offer the public service targeted retirement initiatives to complement the attrition levels forecasted over the next 5 years," Alward said in an interview with the news source.
In addition, Alward wants to cut the size of the cabinet down to 15 people and get rid of a tax break for the province's wealthiest 1,300 residents and large corporations. He is also focused on making sure that the local government helps workers and spends tax dollars appropriately.
"Our plan will be focused on creating jobs and ensuring taxpayer money is invested wisely," he told the Gleaner.
The Canadian business community has suffered setbacks, according to recent findings by the country's statistical bureau. Statistics Canada recently came out with numbers showing that operating profits had fallen 1.8 percent between April and June of this year.
