December 12, 1979 (31st Parliament, 1st Session)


John Carnell Crosbie (Minister of Finance)

Progressive Conservative

Hon. John C. Crosbie (Minister of Finance):

Mr. Speaker, it is because I am obsessed with unemployment that we are going to do everything we can to see that these projections do not come true. We are honest with the Canadian public. We are giving the Canadian public what our professional economists think is likely to happen next year. We are going to do everything we can to show that the professional economists are wrong in unemployment as well as in other directions.
I am not going to pretend that inflation is going to be 6.5 per cent, when it is going to be 9.2 per cent, or anything like that, as was done last year. Nor are we satisfied with no growth in the economy. We are expecting real growth of at least one per cent. If our efforts are right, we will have in excess of that despite the impediments that we are carrying on our backs from the past. A lot depends on what happens in the United States of America.
December 12, 1979

Subtopic:   THE BUDGET
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