CANADA'S WAR BUDGET
EQUAL SACRIFICE
"PAY AS YOU GO" POLICY
(Received September 13, 11 a.m.)
OTTAWA, September 12,
The Minister of National Revenue (Mr. J. L. Ilsley), presenting the war budget, said that Canada is following a "pay as you*go" policy as far as is practicable. The Government will insist on "the principle of equality of sacrifice on a basis of ability to pay." He forecast a deficit of 156,000,000 dollars in the current fiscal yiar.
Mr. Ilsley said he believed that any borrowing would be comparable with peace-time levels.
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Bibliographic details
Evening Post, Volume CXXVIII, Issue 64, 13 September 1939, Page 10
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90CANADA'S WAR BUDGET Evening Post, Volume CXXVIII, Issue 64, 13 September 1939, Page 10
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