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<blockquote data-quote="klein" data-source="post: 956531" data-attributes="member: 23950">Budget outcome : (and I&#039;m very pleased with it) !&nbsp; <img src="/community/styles/default/xenforo/smilies/smile.png"&nbsp; class="smilie" loading="lazy" alt=":)" title="Smile&nbsp; &nbsp; :)" data-shortname=":)" />The budget deficit for the current year ending March 31 is now seen at C$24.9 billion ($24.9 billion), almost C$6 billion lower than estimated in November. That gap will narrow to C$21.1 billion in 2012-13 and continue shrinking until a surplus of C$3.4 billion is reached in 2015-16, according to the government&#039;s estimates.In reality, analysts see an underlying surplus as early as 2014-15.Finance Minister Jim Flaherty said the long-term plan would give the &quot;AAA&quot;-rated country an even bigger advantage over other major economies.&quot;We&#039;re realizing that quite frankly, some of our Western traditional economic allies and other allies will not have economies of great strength in all likelihood in the next while, and we want to be in the next league,&quot;.&quot;We want to be with the emerging economies, we want to be with the economies of South America that are growing, and we&#039;re in a position in this country to get there.&quot;Balanced budgets are a source of national pride in Canada after a painful austerity exercise in the mid-1990s led to an 11-year string of surpluses.The debt-to-GDP ratio is set to decline to 28.5 percent by 2016-17, roughly in line with pre-recession levels, from 33.9 percent this year.</blockquote>

[QUOTE="klein, post: 956531, member: 23950"] Budget outcome : (and I'm very pleased with it) ! :) The budget deficit for the current year ending March 31 is now seen at C$24.9 billion ($24.9 billion), almost C$6 billion lower than estimated in November. That gap will narrow to C$21.1 billion in 2012-13 and continue shrinking until a surplus of C$3.4 billion is reached in 2015-16, according to the government's estimates. In reality, analysts see an underlying surplus as early as 2014-15. Finance Minister Jim Flaherty said the long-term plan would give the "AAA"-rated country an even bigger advantage over other major economies. "We're realizing that quite frankly, some of our Western traditional economic allies and other allies will not have economies of great strength in all likelihood in the next while, and we want to be in the next league,". "We want to be with the emerging economies, we want to be with the economies of South America that are growing, and we're in a position in this country to get there." Balanced budgets are a source of national pride in Canada after a painful austerity exercise in the mid-1990s led to an 11-year string of surpluses. The debt-to-GDP ratio is set to decline to 28.5 percent by 2016-17, roughly in line with pre-recession levels, from 33.9 percent this year. [/QUOTE]

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