Which of the following occurred in Canada during the latter part of the 1990s?

Question

Quizplus · Accepted Answer

During the latter part of the 1990s, Canada experienced reductions in government spending as a share of the economy, which led to a shift of the government budget to a surplus. This period is often referred to as the "decade of deficit reduction" and was characterized by a series of budget cuts and reforms implemented by the Liberal government under the leadership of Prime Minister Jean Chrétien. These measures included significant reductions in social spending, such as welfare and unemployment benefits, as well as cuts to government programs and services. The government also implemented a series of tax reforms, including the introduction of the Goods and Services Tax (GST), which helped to increase government revenues and balance the budget.

Which of the Following Occurred in Canada During the Latter