Article : Canada's Finance Minister Highlights Tax Breaks for Canadians

Press Release, Ottawa, October 18, 2010

The Minister of Finance today highlighted the tax measures that the Government of Canada has implemented to reduce the tax burden on Canadians. "Tax reductions are an essential part of our Government's effort to stimulate the economy and create or maintain jobs," he said. "The tax reductions taken by the Government since 2006, including those in Canada's Economic Action Plan, will reduce taxes on individuals, families and businesses by an estimated $220 billion over 2008-09 and the following five fiscal years".

Explain which measurement, government budget balance (BB) or government structural budget balance (SBB), will have a larger absolute value. Which of these two types of deficits is more troublesome? Explain