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HomePolicy Articles Article Summary

Alternative Federal Budget 2003: Economic and Fiscal Update

Report by Canadian Centre for Policy Alternatives

Each year a coalition of community, social advocacy and labour organizations work together to produce the Canadian Centre for Policy Alternative’s Alternative Federal Budget. The 2003 version argues that the federal government’s fiscal situation is much more positive than suggested by federal officials and private sector forecasters. The Alternative Federal Budget claims the federal surplus for 2003 is in excess of $10 billion, and calls into question the credibility of other projections for what the report contends to be a consistent underestimation of this figure. Additionally, the publication claims federal fiscal capacity, represented by revenues as a share of GDP (Gross Domestic Product), has declined due to reduced taxation levels. The Alternative Federal Budget 2003 concludes by calling for the immediate halt and reversal of federal government tax cuts.

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Policy Publication Details

Author(s): Canadian Centre for Policy Alternatives;
Publisher: Canadian Centre for Policy Alternatives [ Visit Website ]
Year Published: 2002; Publisher Type: Research Institute
Publicly Available: Yes Research Focus: National;
Registration Required: No Language: English
Payment Required: No Publication Format: Adobe PDF

Subjects / Categories:

Policy Articles / Fiscal & Budgetary / Federal & Provincial Budget
Policy Articles / Fiscal & Budgetary
Policy Articles / Fiscal & Budgetary / Federal & Provincial Budget / 2002


Keywords / Tags:

fiscal situation; federal budget; surplus; credibility; federal fiscal capacity; tax cuts; revenue; GDP;