Canada doesn't need big new round of spending cuts: minister

Mon Jan 26, 2015 11:30am EST
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OTTAWA (Reuters) - The Canadian government will be able to balance its budget without a major new program to limit spending, Treasury Board President Tony Clement told reporters on Monday.

"There is no plan for a new deficit reduction action plan similar to the one I engaged in 2011-2012," said Clement, the cabinet minister responsible for federal government spending. "We're going to be delivering a budget, and it'll balance the books."

He said his department would continue to examine programs to see if there is a way of delivering services at lower cost.

(Reporting by Mike De Souza; Writing by Randall Palmer, Editing by Franklin Paul)

Canada's Treasury Board President Tony Clement speaks during Question Period in the House of Commons on Parliament Hill in Ottawa December 4, 2014. REUTERS/Chris Wattie