The goal is to get the books back in balance a year earlier than previously planned, by fiscal 2014-15 — thus allowing the Conservatives to go into an election in the fall of 2015 with a balanced budget as the centrepiece of their campaign.
Until now the government has maintained it would cut between 5% and 10% across federal departments, with a goal of reducing spending by $4-billion out of a total operations budget of about $80-billion.
The CBC, which has an annual budget of $1.1-billion, faces a cut of at least $110-million and possibly more. Some Conservatives are pushing for even deeper cuts to the national broadcaster, based on the argument that, though the radio news service is clearly a must-have in the Far North and more generally in rural areas, CBC television is not as essential. On the immediate chopping block is a $60-million programming “top-up” that the broadcaster has received annually since 2001.
2012 Federal budget: CBC faces 10% cut as Tories double down on fiscal austerity | Full Comment | National Post