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Harper, Clement signal austerity in the government’s future plans

World leaders and economists gather in Switzerland

When in doubt, get someone else to deliver the bad news for you.

Budget release may come a little later this year while Ottawa waits to see whether Canada will be impacted by the European debt crisis

New budget will focus on five key areas,

Federal government remains on pace to beat budget target

Finance minister to start national consultations for the 2012 federal budget early next month

Increases in corporate tax revenue offset by declines in personal income taxes, royalties and investment revenue

If the economy performs exactly as private sector economists expect, Ottawa will have $12 billion to add to the bottom line

Federal government will miss four year balanced budget target, Flaherty says