Quote:
Originally Posted by Jade
Impressive how you have the year end numbers before the year is even over. Federal budgets are annual, not monthly, which is why we don't go through this once a month. Besides, not operating in a deficit means that based on projections when they put the budget together they were not expected to have a deficit. I don't know if they will have one in the end or not, I guess we'll see. As for the recession, we may be in the best position of the G7 countries, provided the political uncertainty resulting from this attempted power grab doesn't hurt us too much.
|
As a former employee of the Minister of Finance, I can tell you we do go through it once a month, the Parliamentary Budget Officer provides a monthly update, usually 2-3 months after that month has passed.
Impressive how I have the year end numbers?? If one follows the news they would know the numbers.
April through June - 1.2 Billion dollar surplus
July - Prentice sells wireless spectrum to boost the numbers, we run a deficit this month as well
August - we run a 1.74 billion deficit, offset by the wireless spectrum sale
September numbers and onward not out yet.
Flaherty will postphone Mr. Page's update, but September will have to come out in the next couple weeks I would imagine, probably right before Christmas when Canadian are not paying attention