Harper sees most stimulus projects done on time

Mon Aug 9, 2010 4:50pm EDT
 
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VANCOUVER (Reuters) - Canadian Prime Minister Stephen Harper said on Monday he would not speculate on the possibility of delays to stimulus spending, adding he was optimistic that projects will be completed on time.

"We're optimistic at the federal level. I think virtually all our projects will be complete .. we're optimistic that our partners will achieve the same thing in most cases," he told reporters, noting that 93 percent of money has already been allocated in some form.

He said a move to restraining spending and bringing the deficit and debt levels down would "enhance" the recovery, an idea discussed by Group of Eight industrialized nations at their recent summit.

Earlier on Monday, Parliament's budget watchdog warned project delays could cost Canadian communities millions of dollars in federal infrastructure spending aimed at stimulating the economy.

(Reporting by Allan Dowd, writing by Ka Yan Ng; Editing by Jeffrey Hodgson )

 
<p>Canada's Prime Minister Stephen Harper (centre L) greets supporters while arriving with Senator Gerry St. Germain for a barbecue on St. Germain's ranch in Surrey, British Columbia August 9, 2010. REUTERS/Andy Clark</p>