December 1, 2008 / 2:47 PM / in 9 years

Coalition govt would present early budget

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.

<p>Canada's Prime Minister Stephen Harper delivers a statement in the foyer of the House of Commons on Parliament Hill in Ottawa November 28, 2008. Harper accused opposition parties on Friday of trying to defeat his minority Conservative government through "back room deals". REUTERS/Chris Wattie</p>

“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

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