Thursday, March 18, 2010

Canadian Government May Liquidate Some Assets

Finance Minister Jim Flaherty said he's been reviewing the overall operations of the government and in a move to cut the budget deficit of the country, could sell of assets sometime in 2010, Financial Advisory.

On the website, Flaherty stated: "There are some opportunities there for some privatizations of businesses that one questions why the government is in them anymore. So we'll look at those and I expect that in the next year we'll be able to make some announcements."

Flaherty clarified things a little more, adding, "It's actually an asset review. Why does the government own A or B or C? Why are we in that business? Do taxpayers really need to own this?"

This is what all governments should be doing during this crisis, including the U.S. government.

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