This briefing looks at the federal Budget 2014 and concludes that the government is on track to post a healthy surplus in 2015–16.
Federal Budget 2014
Federal Budget 2014
Canadian Economic Analysis
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- Despite downward revisions in revenues, cost-cutting and one-time revenue measures have allowed the government to improve on its overall balance.
- Not including its adjustment for risk, the federal government now expects to essentially balance its books in 2014–15 and have a surplus as large as $9.4 billion in 2015–16.
- The lion’s share of tightening came out of the defence capital budget and a reduction in retirement benefits for public sector employees.
- The few new measures added in Budget 2014 were in three main areas: job creation and support for innovative research, resource development and investments in infrastructure, and assistance to families and communities.
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