Saturday, October 25th8.7°C
23711
22952

Flaherty says no doubt of balanced budget in 2015, but won't promise it sooner

OTTAWA - Finance Minister Jim Flaherty says he'll deliver a balanced budget in 2015 without raising taxes or cutting transfers to the provinces.

But he's not promising to balance this year's budget, which is expected later this month.

Flaherty says the date of the upcoming budget will be announced later today, and says it will likely be a stopgap document, foreshadowing good news to come.

The Harper government has long touted its economic stewardship as a key strength, something Flaherty says will be underscored in the next budget.

The minister isn't giving any hints as to what the document might hold.

He has, however, played down the idea that there might be some goodies coming, saying such spending will have to wait until after the books are balanced.

It's expected that a better balance sheet in 2015 will allow the government to pay for some long-promised campaign plums, including income splitting for tax purposes.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14543.82+56.99
S&P CDNX805.45-3.15
DJIA16805.41127.51
Nasdaq4483.715+30.923
S&P 5001964.58+13.76
CDN Dollar0.8901-0.0003
Gold1231.20+2.10
Oil81.02-0.73
Lumber336.40+6.80
Natural Gas3.631+0.009

 
Okanagan Companies
Pacific Safety0.105-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.07+0.015
Anavex Life Sciences0.194-0.004
Metalex Ventures0.045+0.005
Russel Metals33.39+0.23
Copper Mountain Mining2.03-0.05
Colorado Resources0.145+0.005
ReliaBrand Inc0.012-0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.445+0.035

 



23833

FEATURED Property
20895071077 Peak Point
4 bedrooms 3 baths
$525,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...


We can get on together

I was in LA this week. I witnessed such crazy and unusual circumstances as I strolled along Hollywood Blvd and Sunset Blvd. A far cry from sleepy Peachland in the Okanagan! The strange thing was, I f...


Weakening global growth worries

The Big Picture Growth worries persist Worries about weakening global growth and its potential impact on the US economic recovery roiled markets around the globe this week. Europe continues to be the ...

_








Member of BC Press Council


23741