Fiscal update predicts surpluses despite lower oil prices, tax cuts

[Locutus]

Federal revenue will take a hit from falling oil prices but a return to surpluses is still expected next year – and possibly sooner – according to the fall economic and fiscal update.

Finance Minister Joe Oliver released the update Wednesday to a business audience in Toronto.

The revised forecasts show a string of annual budget surpluses beginning next year:

• $1.9-billion in 2015-16
• $4.3-billion in 2016-17
• $5.1-billion in 2017-18
• $6.8-billion in 2018-19
• $13.1-billion in 2019-2020.

more good news


Fiscal update predicts surpluses despite lower oil prices, tax cuts - The Globe and Mail

 

[petros]

But the tulip prices are falling.

 

[taxslave]

What about the price of tea in China? That is what is really important.

 

[Locutus]

or the price of pumpkin lattes in mississauga...oh well, I was sure one of our liberal-minded friends would have posted this story by now anyway, because you know, it's bad news.

 

[taxslave]

Trouble is the projected surplus will only come about if the conservatives win the next election. There is zero chance of a surplus with the Liberals unless there is significant raises in taxes.

 

[Locutus]

Trouble is the projected surplus will only come about if the conservatives win the next election. There is zero chance of a surplus with the Liberals unless there is significant raises in taxes.

they always find a way to intentionally muck things up but after the cons are re-elected with a majority following an outstanding campaign, for the foreseeable future at least, we're golden.

 

[peoplesadvocate]

Federal revenue will take a hit from falling oil prices but a return to surpluses is still expected next year – and possibly sooner – according to the fall economic and fiscal update.

Finance Minister Joe Oliver released the update Wednesday to a business audience in Toronto.

The revised forecasts show a string of annual budget surpluses beginning next year:

• $1.9-billion in 2015-16
• $4.3-billion in 2016-17
• $5.1-billion in 2017-18
• $6.8-billion in 2018-19
• $13.1-billion in 2019-2020.

more good news


Fiscal update predicts surpluses despite lower oil prices, tax cuts - The Globe and Mail

I am sure until after an election everything will be roses , It always is ....The government will tighten the noose around the neck of the average person and like magic , the year before a election everything we want to hear spews out of their mouths
We as a people have very short memories and governments count on that fact.

 

[Cliffy]

Like we should believe anything a government tells us.

 

[petros]

Like we should believe anything a government tells us.

What do they have to gain by lying to you, an unproductive (by choice) strain on the rest of us?

or the price of pumpkin lattes in mississauga...oh well, I was sure one of our liberal-minded friends would have posted this story by now anyway, because you know, it's bad news.

Candy cane mocha as of Nov 1.