Government Spending

government spending: Ministries are being asked to find $30 million in savings this year, and a core review of all government spending is aiming to find an additional $50 million in spending reductions and efficiencies in each of the next two years. 'The next 12 to 18 months are going to be tough' B.C. Finance Minster Mike de Jong, according to CBC. "In order to achieve the objective of balancing the budget it is going to require discipline and vigilance from everyone," he said. "The next 12 to 18 months are going to be tough, they re going to be tough, but the long term prospects are good and B.C. Finance Minster Mike de Jong tabled a budget update today calling for $130 million in cuts to provincial spending over the next three years, in part to make up for lower than expected economic growth. We are putting ministries on notice that across government we are looking for $30 million in savings this fiscal year, said de Jong. (www.immigrantscanada.com). As reported in the news.