B.C. audit condemns deceptive budget

Article Abstract:

British Columbia's Auditor-General George Morfitt reported that Premier Gen Clark's administration has relied on overoptimistic forecasts, witheld critical information and tabled a pre-election budget to falsely show that it had balanced the books. Morffit said that government overrode the Finance Ministry's deficit forecast for the 1995-96 year and has opted to include C$156 million over and above the optimistic revenue projection by the staff. In addition, the government tabled a budget which stated that it posted a C$16-million surplus for the 1996-97 year and forecast an C$87-million surplus for the 1997-98 year.

Government regulation, British Columbia

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Eliminating foreign limit? ItEs about time

Article Abstract:

The budget, presented by Finance Minister Ralph Goodale, removed the archaic 30-percent limit on foreign investments for pension plans and RRSPEs. The impact of this policy decision on the countryEs economy is discussed.

Government expenditures, Analysis, Economic policy, Budget, Goodale, Ralph E.

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U.S. jobless rate falls

Article Abstract:

The United State's unemployment rate is discussed.

Economics, Research and Development in the Social Sciences and Humanities, Financial analysis

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