On Tuesday, Finance Minister Jim Flaherty released the semi-annual fiscal and economic update in which, among other things, he announced that his government would not be able to return to a balanced budget during the life of the current Parliament. Six months ago, when he released Budget 2012, he said the budget would be balanced in this Parliament’s last year. In facing up to the fact that, by the election of 2015, the Conservatives therefore will have run deficits in eight of their 10 budgets, Flaherty offered this:
Nevertheless, we remain on track to meet our goal to return to balanced budgets over the medium term. Continue reading "Important government spending". Like those snowmobile machines. Or tennis courts.