Canada vows balanced budget in 2015 without "slash and burn"

March 22, 2013

The following is excerpted from the 21 March 2013 edition of Reuters Canada.

Canada's Conservative government pledged on Thursday to close tax loopholes and curb spending to erase its budget deficit in time for the 2015 election, even as it committed funds to infrastructure, manufacturing and job training.

The projected deficit in the fiscal year ending March 31 is roughly in line with Ottawa's previous forecast in November, at C$25.9 billion ($25.4 billion). The deficit would be about 1.4 percent of the size of the economy, compared with about 5.6 percent for the U.S. deficit.

This article is available in its entirety at:
http://ca.reuters.com/article/domesticNews/idCABRE92K15F20130321

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel

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