Don't be fooled by the (surprise!) budget surplus - 2015-09-16

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F132.png Don't be fooled by the (surprise!) budget surplus September 16, 2015, Jeffrey Simpson, Opinion, Globe and Mail

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.

Wikipedia cite:
{{cite news | first = Jeffrey | last = Simpson | title = Don't be fooled by the (surprise!) budget surplus | url = https://www.theglobeandmail.com/opinion/dont-be-fooled-by-the-surprise-budget-surplus/article26373964/ | work = Opinion | publisher = Globe and Mail | date = September 16, 2015 | accessdate = July 16, 2019 }}