January 27, 2009 / 11:20 PM / in 9 years

Canada infrastructure billions "use it or lose it"

TORONTO (Reuters) - Canadian Finance Minister Jim Flaherty said on Tuesday that billions in budgeted infrastructure spending will be “use it or lose it” money that provinces and municipalities will lose if they do not spend.

“This isn’t money that’s going to roll over year after year,” Flaherty said in a television interview. The Conservative budget included about C$12 billion in infrastructure spending.

Flaherty also said the Conservatives are prepared to fight an election if the opposition Liberals vote against the budget and bring down the government. With less than 50 percent of seats in the House of Commons, the Conservatives need the support of at least one opposition party.

Reporting by Cameron French; editing by Rob Wilson

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