Government assets could be sold to balance budget, Flaherty says

Andrew Mayeda, Eric Beauchesne Ottawa Citizen 11/14/2008 05:17
Government assets could be sold to balance budget, Flaherty says


WINNIPEG - The Harper government is considering selling real estate and other Crown assets to help keep the budget balanced as the economy worsens. Finance Minister Jim Flaherty, at the Conservative party policy convention here, made it clear that the government is leaving no stone unturned in its effort to avoid posting the country's first deficit in more than a decade.



"We are going to review the corporate assets, the capital assets, of the government of Canada, to see whether they still perform a useful function for the Canadian people.

"If that review shows that there should be some assets that should be sold, then we'll go ahead with them."

The government of Canada owns trillions of dollars of capital assets, from office buildings to residences and machinery and equipment.

Mr. Flaherty also said the government is looking at controlling the rate of growth in the salaries of public servants, and is continuing a strategic review of expenditures at all government departments.


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