Ottawa posts $1.9B surplus for fiscal 2014-2015

[mentalfloss]

Ottawa posts $1.9B surplus for fiscal 2014-2015

The federal government posted a surplus of $1.9 billion for the 2014-2015 fiscal year, according to final numbers from Ottawa released today.

The Department of Finance said the figure is a reversal of a $5.2 billion-deficit posted for the previous fiscal year.

In its recent budget, Ottawa was forecasting a deficit of $2 billion for 2014-2015. The surplus brings an end to a six-year streak of deficits, which began in the fiscal year that ended in April 2009.

The excess financial wiggle room inched Canada's debt-to-gross domestic product ratio down to 31 per cent for the year, from 32.3 per cent the year before.

But that figure doesn't include debts owed by various local, provincial and territorial governments across Canada. Including those figures, Canada's debt-to-GDP ratio rises to 40.4 per cent, which is still the lowest among G7 nations.

According the OECD, the average debt-to-GDP ratio for all G7 countries, when all forms of government debt are included, will be 86.8 per cent for the 2014-2015 fiscal period.

http://www.cbc.ca/m/news/business/fiscal-year-ottawa-surplus-1.3226969

 

[darkbeaver]

Who holds those mortages? Private banks! The Antichrist. hahahahahahahaha Your children and grandchildren are or will be born into slavery. How many here are still trying to pay down thier student loans? What have you learned from the futile exercise? Who owns your time? The future is not ours to see. hahahahahaha more wine

 

[mentalfloss]

I'll give credit to them for FINALLY balancing the budget, but the problem is that this is a pretty paltry surplus and it's based mostly on cutting costs and not economic growth.

 

[grumpydigger]

Surprise surprise surprise.

The people of Canada are smart enough not to fall for your con game Harpo.

This reminds me a lot of his partner in crime in British Columbia. Gordo Campbell. After the election it magically all disappeared

 

[mentalfloss]

Selling off those GM shares certainly helped as did tax revenue.

There's much to be said on how much they sacrificed just to get it balanced and it's obvious that the timing of this announcement was made for the election period.

 

[petros]

The GM subsidy?

What was sacrificed pumpkinfloss?

 

[Tecumsehsbones]

Ottawa posts $1.9B surplus for fiscal 2014-2015

http://www.cbc.ca/m/news/business/fiscal-year-ottawa-surplus-1.3226969

Yay! Re-elect Harper. He saved y'all from financial ruin.

 

[IdRatherBeSkiing]

Surprise surprise surprise.

The people of Canada are smart enough not to fall for your con game Harpo.

This reminds me a lot of his partner in crime in British Columbia. Gordo Campbell. After the election it magically all disappeared

So whose con game have you fallen for? Justine's or the Dippers?

I'll give credit to them for FINALLY balancing the budget, but the problem is that this is a pretty paltry surplus and it's based mostly on cutting costs and not economic growth.

Selling off those GM shares certainly helped as did tax revenue.

There's much to be said on how much they sacrificed just to get it balanced and it's obvious that the timing of this announcement was made for the election period.

So above you complain:
1. It's not a big enough surplus
2. They made too many sacrifices.

Gotta love your "logic".

 

[lone wolf]

I'll believe it when I see it ... and what was manipulated to make the books "balance"

 

[Tecumsehsbones]

I'll believe it when I see it ... and what was manipulated to make the books "balance"

Pretty much everything.

 

[petros]

Jesus H Christ you people are wonky. The world was collapsing with a 0.3% over run now the world is collapsing under unknown circumstances.

Take 5000IU of vitamin D and cheer the f-ck up.

 

[darkbeaver]

10000 IU is the recommended doseage. You must be conservative.

 

[petros]

I wouldn't want to suggest making anyone's piss stink, they are already pissy for no reason.

 

[mentalfloss]

So above you complain:
1. It's not a big enough surplus
2. They made too many sacrifices.

Gotta love your "logic".

Yes, they cut too many services and GDP growth is paltry.

My logic is perfectly sound fool.

 

[petros]

What services? List them.

They taught logic at Absorbine Jr High?

 

[AnnaG]

What services? List them.

They taught logic at Absorbine Jr High?

hahahaha

I'll believe it when I see it ... and what was manipulated to make the books "balance"

I'll believe it when I see it, too. And I might even like it but that depends on whether Harpy pulled the rugs out from under the provinces, seniors, students, and stole money from EI to do it like Martin did.

 

[petros]

Why is it a surprise? It's impossible to know what CRA pulled in until now. Budget was April 21, taxes are due April 30.

Logic!

 

[IdRatherBeSkiing]

Yes, they cut too many services and GDP growth is paltry.

My logic is perfectly sound fool.

Yet the surplus isn't big enough?

Also, please indicate what services they have cut. Not actually aware of any recently.

 

[Walter]

Any surplus is too much Give me my money back.

 

[AnnaG]

Here's your loonie Wally, don't spend it all in one place.