OTTAWA – Finance Minister Jim Flaherty’s fall economic update Tuesday is expected to show the federal government on track to balance the books by 2015-16, but some believe the federal government’s improved finances mean the Conservatives can eliminate the deficit a year earlier.
Recent financial data have shown the federal government’s deficit-elimination projections are ahead of schedule, leading many analysts to wonder whether the red ink — estimated in the budget at $18.7 billion for the current fiscal year — could be wiped out in the 2014-15 budget year.
Recent financial data have shown the federal government’s deficit-elimination projections are ahead of schedule, leading many analysts to wonder whether the red ink — estimated in the budget at $18.7 billion for the current fiscal year — could be wiped out in the 2014-15 budget year.