Question

The federal government of Canada released it's fiscal plan for 2020-21 this week. comment on the specific policy tools or strategies that the government is planning to use to help an economic recovery

Answer 1

government of Canada is trying to minimize the adverse impact of Covid-19 in the economy.various steps and policies have been committed by the government for the smooth functioning of the economy.we can study the important aspects as below-

1. PLANNING OF EFFECTIVE MANAGEMENT RELATED WITH FISCAL CONCERNS -government would observe and makes the respective plans to combat with the economic crisis.after making proper planning government would implement the plan and would also review it time to time.this would increase the efficiency of the resources employed.
2. ENSURING SUSTAINABLE GROWTH-government of Canada promised to carry on the sustainable growh.to prevent the lower income group from the income and financial crisis the tax rates for lower income slab people have been reduced as a result the net income would increase and people would now have more money in hand for spending purpose.effective steps would be taken for the prevention of environmental growth and increasing natural resources.
3. PROVIDING AND ENSURING DIGITAL SECURITIES-citizens would be protected against the digital threat concerned with internet banking,hacking and other threats.this would promote the digital transactions ensuring visible and transparent dealings.
4. EFFECTIVE FRAMEWORK OF SOCIAL POLICY-government of Canada is committed to invest in human capital to enhance the level of education,skill development and providing the citizens better healthcare system.
5. EFFECTIVE INTERNATIONAL TRADE-government is committed to follow and execute all the foreign trade under the guidelines provided by the WTO(world trade organization) which would help the country to proper utilize the resources and also allows the country to import the required resources.