Sunday 14 June 2009

Disgraceful Tories Contine To Hold Back The Money | Canada | 'Virtually nothing coming' from Tory stimulus fund

"There's virtually nothing coming," NDP Leader Jack Layton said.

"There are billions of dollars of stimulus that should have been flowing already," he said. "Some of the people being laid off across the country could have moved into those construction jobs."

In fact, the funds are flowing even slower than forecast in the 2007 budget, before the financial crisis hit. According to that timetable, programs under the Building Canada Plan should have pumped more than $5 billion into projects by this fiscal year. Yet the amount spent so far is $1.3 billion less than forecast, calling into question whether pledges to boost spending are sincere, Layton said in an interview.

"I've always suspected that when Stephen Harper announces big sums of money to be spent, he so fundamentally doesn't believe in it ... the money is very unlikely to flow at all," Layton said.


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