Don't be fooled by the (surprise!) budget surplus - 2015-09-16
Canadians are witnessing a shell game in the phony election debate around whether we have a federal budgetary deficit or surplus.
Earlier this week, the Department of Finance announced that, lo and behold, the federal budget for the 2014-15 fiscal year that ended March 31 produced a surplus of $1.9-billion.
This surplus was described in some quarters as a surprise, which it was clearly not. Those in the know understood that Prime Minister Stephen Harper had instructed his finance minister, Jim Flaherty, to present a budget in February, 2014, that would make it look as if fiscal 2014-15 would end in a deficit of $2.9-billion.