Arab Today, arab today canada to balance books by 2015
Last Updated : GMT 13:04:44
Arab Today, arab today
Arab Today, arab today

Canada to balance books by 2015

Arab Today, arab today

Arab Today, arab today Canada to balance books by 2015

Ottawa - XINHUA

The Canadian government would balance its books by next year, federal Finance Minister Jim Flaherty announced here Tuesday in delivering his annual budget. Economic Action Plan 2014 forecasts a 6.4 billion Canadian dollar (5.86 billion U.S. dollars) surplus for the 2015-16 fiscal year, after taking into account a 3 billion-dollar (2.75 billion dollars) annual adjustment for risk. In fact, Ottawa could have delivered a balanced budget this year, with the federal deficit expected to decline to 2.9 billion dollars (2.66 billion dollars) after factoring in the 3 billion-dollar (2.75 billion dollars) contingency fund used to deal with unexpected spending, such as last year's massive flooding in Alberta, which cost billions of dollars of federal money, Flaherty said at a news conference. "If you do the arithmetic, we could have had a budget that's balanced by 100,000 dollars out of a 75 or a 76 billion-dollar budget (68.7 billion or 69.6 billion dollars), which is really not significant," he said. "I'd prefer to have a nice, clean surplus next year." It's widely believed Prime Minister Stephen Harper's Conservative government was waiting for 2015 -- when Canadians are expected to head to the polls for a fall federal election -- to deliver a balanced budget, perhaps with some of "flashy spending" and other "baubles that some people might want." The 2014 budget allocates 1.5 billion dollars (1.37 billion dollars) over 10 years to help Canadian post-secondary research institutions "excel globally." There are also adjustments in public servants' benefits, retirees' health-care premiums and military purchases. To combat money laundering and terrorist financing, the Canadian government will introduce regulations addressing the emergence of virtual currencies, such as Bitcoin. Ottawa plans to roll out a new Immigrant Investor Venture Capital Fund project that will require immigrants to "make a real and significant investment in the Canadian economy," while end the "ineffective" Immigrant Investor and Entrepreneur programs. The 2014 budget also targets wealthy new immigrants who will no longer enjoy a five-year tax exemption from paying taxes on offshore assets -- a measure expected to generate 100 million dollars (91.65 million dollars) in new tax revenue for the federal government.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today canada to balance books by 2015 Arab Today, arab today canada to balance books by 2015

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Air raid kills eight women, child

GMT 06:42 2017 Friday ,17 February

Air raid kills eight women, child
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Culture: أخبار الثقافة والفنون
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday