http://www.canada.com/nationalpost/f...181fe3&k=61242
Quote:
The Conservative government said Thursday it posted a surplus of $14.2-billion for the 2006-07 fiscal year, bigger than the $9.2-billion projection.
It marks the 10th consecutive year Ottawa took in more tax revenue than it paid out.
The money, as required by law, will be used to pay down the federal debt. As a result, the debt stands at $467.3-billion, down roughly $95-billion from its peak of $562.8-billion in 1996-97. As a percentage of GDP, the debt stands at its lowest level in nearly a quarter century.
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Good to see.
At least we're doing something about the debt...unlike our neighbors to the south.