According to Canada’s finance minister, the federal government is not only on track to balance the budget by 2014-15, it will also end seven years of deficits and emerge with a surplus by the time Canadians head to the polls in 2015.
“We promised we would bring the budget back into balance, and that we would do it without raising taxes or reducing funding for health care or other important social programs,” said Finance Minister Jim Flaherty at an economic update presentation before the Edmonton Chamber of Commerce.
Flaherty outlined the reason for years of surplus, and how the government now intended to balance the budget, and a end up with a surplus.
RCI’s Wojtek Gwiazda has a report.
More information:
CBC News – Jim Flaherty projects $3.7B surplus for 2015-16 – here
Globe and Mail – Canadian government wins plaudits for deficit plan. Some provinces, not so much – here
National Post – Tax cuts at centre of Stephen Harper’s re-election strategy – here
Canada’s Finance Minister Jim Flaherty expects a $3.7B surplus in 2015.
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