Federal budget surplus may be bigger than predicted: Ottawa
Posted January 5, 2014 1:41 pm.
This article is more than 5 years old.
OTTAWA (NEWS1130) – Finance Minister Jim Flaherty says the federal budget surplus could be bigger than predicted in 2015.
Flaherty made the prediction during a televised interview.
The assessment falls in line with projections from the parliamentary budget office that came a month ago.
A Dec. 5 report from the Parliamentary Budget Officer estimated the government could achieve a surplus of $4.6 billion by 2015, nearly $1 billion more than the estimate included in the November economic update.
In the interview, Flaherty said Canada could have a bigger surplus than projected if both the domestic and US economies continue to gain strength.
The Harper Conservatives are relying on balancing the books to help propel the party through a federal election campaign that’s scheduled for the fall of 2015.
