This briefing looks at Budget 2015 and concludes that the federal government remains on track to balance its books this fiscal year.
Federal Budget 2015
Federal Budget 2015
Canadian Economic Analysis
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- The plunge in oil prices and deteriorating economic conditions have taken a substantial toll on the federal government’s fiscal situation.
- If it were not for the sale of its remaining GM shares and a reduction in the amount the government sets aside for contingency, the government would publish a small deficit this year and a small surplus next year.
- In its budget, the government has managed a few new measures totalling $6.3 billion over the next three fiscal years while maintaining a small surplus over the next five years.
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