leeches, teataholics and basement dwellers be advised. :lol:
QUEBEC - Falling oil prices will reduce Ottawa's fiscal flexibility but will not prevent the government from posting a balanced budget next year, Prime Minister Stephen Harper said Tuesday.
"You should be under no doubt that the government will balance its budget next year," he said in Quebec City after a local announcement. "We are well within that range. Even with dramatically lower oil prices, we will balance the budget.
"This will obviously reduce some of our fiscal flexibility but it will not by any means stop us from reaching a balance and at the same time making the important investments we've made."
Ottawa announced Nov. 25 it would post a $1.6-billion surplus in 2015-16.
That was lower than a $1.9-billion estimate two weeks earlier and only a quarter of the $6.4-billion prediction the government projected in last spring's budget.
The Finance Department said the $1.6 billion factored in a $5.8-billion infrastructure announcement Harper made on Nov. 24.
more
Stephen Harper says falling oil prices won't prevent balanced budget for Canada in 2015
QUEBEC - Falling oil prices will reduce Ottawa's fiscal flexibility but will not prevent the government from posting a balanced budget next year, Prime Minister Stephen Harper said Tuesday.
"You should be under no doubt that the government will balance its budget next year," he said in Quebec City after a local announcement. "We are well within that range. Even with dramatically lower oil prices, we will balance the budget.
"This will obviously reduce some of our fiscal flexibility but it will not by any means stop us from reaching a balance and at the same time making the important investments we've made."
Ottawa announced Nov. 25 it would post a $1.6-billion surplus in 2015-16.
That was lower than a $1.9-billion estimate two weeks earlier and only a quarter of the $6.4-billion prediction the government projected in last spring's budget.
The Finance Department said the $1.6 billion factored in a $5.8-billion infrastructure announcement Harper made on Nov. 24.
more
Stephen Harper says falling oil prices won't prevent balanced budget for Canada in 2015
