Privy Council Office

Privy Council Office

March 19, 2007 22:21 ET

Prime Minister Harper Writes Premier Gordon Campbell on Plan to Restore Fiscal Balance in Canada

OTTAWA, ONTARIO--(CCNMatthews - March 19, 2007) - The plan announced today is based on national principles, while treating each province fairly and meeting the government's commitments.

Prime Minister Harper's letter highlighted the following issues:

- The fiscal balance plan meets the Government's commitments regarding the treatment of natural resource revenues.

- The fiscal balance plan protects British Columbia with a number of transition provisions related to Equalization, the Canada Social Transfer and the Canada Health Transfer.

- Budget 2007 also recognizes the need to invest more in infrastructure of national importance, and specifically commits to increase the Government's support for the Asia-Pacific Gateway by $1 billion.

Prime Minister Harper concluded that "our plan delivers important and lasting benefits to the people of British Columbia."

A copy of the letter is available on CCNMatthews' Web site at the following address:

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