Thursday, December 12, 2013
"Jim Flaherty projects $3.7B surplus for 2015-16"
Don't get your hopes up.
This projection is for Canada.
It's proof that it CAN be done!...
This projection is for Canada.
It's proof that it CAN be done!...
On the Canadian Broadcasting website, Susana Mas recently reported on this:
"The federal government is not only on track to balance the budget by 2014-15, it will also end seven years of deficits to emerge with a surplus by the time Canadians head to the polls in 2015, said Finance Minister Jim Flaherty, who was in Edmonton delivering the fall economic and fiscal update.
The government is projecting a deficit of $5.5 billion for 2014-15, with a projected surplus of $3.7 billion in 2015-16. By comparison, Flaherty predicted in his March budget that there would be a deficit of $6.6 billion for 2014-15 and a budgetary surplus of $800 million in 2015-16.
"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," Flaherty said in a video presentation to a crowd gathered at the Edmonton Chamber of Commerce on Tuesday."
