Economic action plan aims for growth, prosperity

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Our Conservative Government recently introduced Economic Action Plan 2014 – the next step in our plan for job creation and economic growth. 

With the introduction of the budget by the Finance Minister last week, our focus remains on growing the economy and making life better for families and our government is delivering for Canadians.

Since taking office in 2006, we have consistently lowered taxes – more than 160 times – saving the average Canadian family nearly $3,400 on this year’s tax bill. We have also cut taxes for job-creating businesses, so they can hire more workers in our communities, and have opened up new markets for Canadian goods and services most recently through the historic Canada-European Union Trade Agreement.

To help Canadians get the skills and training they need to succeed, our plan also moves forward with the Canada Jobs Grant to connect people looking for work directly with in-demand jobs. We are also introducing the Canada Apprentice Loan to give access to student loans to apprentices for the first time ever.

Our plan also keeps Canada on track to balance the budget in 2015. Balanced budgets signal economic stability, make our country more attractive for businesses and individual investment, allow our taxes to remain low, and ultimately ensure our children and grandchildren are not saddled with paying down our debt moving forward.

Nova Scotians will be particularly well-served by this budget. Transfer payments for 2014-2015 will reach an all time high of $3 billion. This has increased by more than 25 per cent since taking office, and goes directly toward the delivery of health care, education, and social services which enhance our quality of life. Economic Action Plan 2014 also makes significant investments in our harbours and ferries, with an additional $58 million going to Atlantic ferry crossings like Digby – Saint John and Caribou – Wood Islands, and $40 million going to improve Small Craft Harbours for our commercial fishery.

The presentation of the federal budget is an important indication of the priorities and initiatives that will be undertaken by the government. Economic Action Plan 2014 continues to promote and enhance economic growth and long-term prosperity for all Nova Scotians and for all Canadians.


Peter MacKay is MP for Central Nova and federal Justice Minister.

Geographic location: Canada, Saint John, Wood Islands

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