budget 2012

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“There’ll be no doubt that we’re balanced in 2015,” federal Finance Minister Jim Flaherty told reporters after recently meeting with a group of private sector economists. This is among Mr. Flaherty’s most categorical statements to date on his plan to achieve a balanced budget in 2015-16. But in light of recent economic forecasts and potential threats to the government’s revenue projections, he would be well-advised to focus on further spending restraint – something he can fully control – in order to deliver on his promise.