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  1. Xref: sparky can.politics:11688 soc.culture.canada:10354
  2. Newsgroups: can.politics,soc.culture.canada
  3. Path: sparky!uunet!utcsri!helios.physics.utoronto.ca!alchemy.chem.utoronto.ca!golchowy
  4. From: golchowy@alchemy.chem.utoronto.ca (Gerald Olchowy)
  5. Subject: Re: Deficit, Deficit, who's got the Deficit? was: NDP "communism?"
  6. Message-ID: <1993Jan25.192822.14341@alchemy.chem.utoronto.ca>
  7. Organization: University of Toronto Chemistry Department
  8. References: <C1Epw1.IAH@mach1.wlu.ca> <jstewart.727977919@cunews> <1993Jan25.182008.11320@csi.uottawa.ca>
  9. Date: Mon, 25 Jan 1993 19:28:22 GMT
  10. Lines: 21
  11.  
  12. In article <1993Jan25.182008.11320@csi.uottawa.ca> cbbrowne@csi.uottawa.ca (Christopher Browne) writes:
  13. >
  14. >As Doug already mentioned, equalization payments amount to
  15. >approximately one third of the Federal budget.  Those payments have
  16. >been increasing by between 10% and 15% per year, for quite a while
  17. >now.  In order for the Feds to be able to continue this increase, YOUR
  18. >TAXES have to rise by between 3% and 5% every year, just to cover
  19. >transfer payments.  That ignores any growth in costs at the Federal
  20. >level.
  21. >
  22.  
  23. Technically federal to province transfers comprise about a third
  24. of the federal budget...equalization payments represent only
  25. about only a portion of federal transfers to provinces...about
  26. 20% +/- 10% of total federal transfers to provinces.
  27.  
  28. Equalization payments are only a part of federal transfers
  29. to provinces.
  30.     
  31. Gerald
  32.  
  33.