Wednesday, 14 January 2015

Balanced Budget 2015

Q14: Will the Canadian federal government run a balanced budget in 2015?
Yes: 75%
No: 25%
(Definition note: The initial budget for the 2015-2016 fiscal year is all that matters for this question.  Later updates are irrelevant)

The federal government has repeatedly promised to run a balanced budget in 2015.  Lower oil prices might make this more difficult.  A recent TD report has suggested that the budget cannot be balanced without changes in spending or revenue.  However, I think the government will stand by its pledge.  If necessary, it could use accounting tricks to ensure the budget is balanced, given how close the government is to a balanced budget.

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