Use Of EI Funds By Tories To Help Balance Budget Draws Criticism
The federal government is using $1.8 billion in surplus EI funds to help balance its books, drawing criticism from opposition parties and labour groups who say the money belongs in taxpayers’ pockets. Finance Minister Joe Oliver delivered Tuesday the Tories’ long-promised balanced budget ahead of this year’s federal election — though it was one that eked out a very small surplus of $1.4 billion. To get there despite a $6 billion decline in revenues due to falling oil prices, the government had to take $2 billion out of its $3 billion contingency fund and dip into the country’s EI fund. "This government is raiding the EI fund to pay for its other priorities, even though less than 40 per cent of unemployed Canadians qualify for EI,” said Jerry Dias, president of Unifor, the country’s biggest union. “With tens of thousands of Canadians losing their jobs, this is the time to fix EI – not raid the cookie jar." At the same time, the Conservative government — which panned...