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Finance Minister Jim Flaherty tables budget in House of Commons Courtesy Government of Canada

Lacklustre federal budget exactly what the doctor ordered

Cormac Mac Sweeney and Tanya Fletcher Mar 05, 2010 08:01:47 AM
The budget may be lame, but it's just what we needed.

That's what economists and political scientists believe about the latest fiscal plan from the Stephen Harper government.

There were no major tax or policy changes and the Tories are relying on economic growth, along with $17 billion in cuts to tackle the $54 billion deficit over the next five years.

Opposition parties are calling it a "do nothing budget", but experts believe it's a good thing.

"Doing something is not always the answer, a case can be made for doing nothing. The essential market fundamentals of Canada remain strong and all we have to do is wait this out," Mount Royal University Political Scientist Duane Bratt tells 660News.

This budget is also being called a great strategy for the private sector.

"It will allow businesses to collect their thoughts, they're coming out of a very difficult time. This budget introduces no major new shocks or nothing that is going to alter their business plans. It's just going to give business and the economy a chance to catch their breaths," ATB Chief Economist Todd Hirsch tells 660News.

But there are a few worries that this fragile economy could throw us some curveballs and ruin the long term blueprint.

Others point out the five year plan is a good tool for the Harper government to bring to the next election.

Experts say the prime minister will likely plea for voters not to kick him out of office in the middle of his recovery strategy.

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