OTTAWA (Reuters) - Canada’s opposition Liberals said on Monday that if they form a coalition government to replace Prime Minister Stephen Harper’s Conservatives, the new government would introduce a new budget as quickly as possible and it would run a temporary fiscal deficit.
“We’d aim to get it out the very earliest possible -- certainly not later than the government’s date of January 27,” Liberal legislator John McCallum told reporters.
The Liberals, New Democrats and Bloc Quebecois are set to sign a deal later on Monday to form a coalition that would then defeat Harper in a parliamentary vote next week and become government. McCallum said that the coalition envisaged a short-term budget deficit, but would seek to return to balanced budgets as quickly as possible.
Reporting by Randall Palmer; editing by Peter Galloway