After seven years of budget deficits and over $160 billion in new debt, the federal government confirmed in its financial update Wednesday that it expects to record a surplus next year.
federal government budget
November 13, 2014
10:00AM
March 2, 2010
2:00AM
With no new initiatives expected, the 2010 federal budget that will be introduced Thursday by Finance Minister Jim Flaherty is quite likely the least anticipated in recent memory. This is due in large part to last year's irresponsible budget, which saddled Canadians with an expected $56-billion deficit this year and further deficits amounting to $109-billion over the next five years.