Looks like the economy is doing better than expected. Conservatives will try to take the credit and likely use for an election.
http://www.cbc.ca/news/politics/story/2011/02/25/federal-deficit-december.html
The federal deficit for this fiscal year reached $27.4 billion by the end of December, the Finance Department reported Friday.
That was well down from the deficit of $39.4 billion by the same time in 2009.
The shortfall in December was $1.4 billion, compared with $3.1 billion in December 2009.
With three months of the fiscal year still to be accounted for, Ottawa is headed to come in below its $45.4-billion deficit target.
Last week, parliamentary budget officer Kevin Page suggested the government will post a deficit of under $40 billion this fiscal year.
http://www.cbc.ca/news/politics/story/2011/02/25/federal-deficit-december.html
The federal deficit for this fiscal year reached $27.4 billion by the end of December, the Finance Department reported Friday.
That was well down from the deficit of $39.4 billion by the same time in 2009.
The shortfall in December was $1.4 billion, compared with $3.1 billion in December 2009.
With three months of the fiscal year still to be accounted for, Ottawa is headed to come in below its $45.4-billion deficit target.
Last week, parliamentary budget officer Kevin Page suggested the government will post a deficit of under $40 billion this fiscal year.
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