Tag Archives: finances
Ontario Finances Not Quite On Target This Year
As Ontario moves into budget season, it is instructive to take a quick look at the finances to date as revealed in the most recent Ontario Economic Outlook and Fiscal Review which was presented November 2014. Ontario’s aim then as no doubt now was to have the budget balanced by 2017-18. According to the Review, […]
Visioning the Surplus
The Federal government is poised to move into a period of fiscal surplus. According to the 2014 Federal Budget, the 2014-15 fiscal year will see a 2.9 billion dollar deficit (which could actually be a small surplus due to the 3 billion dollar contingency fund). After that, 2015-16 will see a 6.4 billion dollar surplus […]
Federal Budget Forecasting
What a difference just a few months can make in the world of federal government finance. Apparently, weak commodity prices and a slowing economy are playing such havoc with government finances that Thursday’s federal budget will show a downward revision of economic growth forecasts as well as a shortfall in revenue that will be addressed […]
Inheritance
Well, Ontario has a new finance minister – Charles Sousa – and according to the Toronto Star: “Charles Sousa, the two-term Mississauga South MPP who finished fifth in last month’s leadership race, will succeed the retiring Finance Minister Dwight Duncan at the treasury. An affable former Royal Bank executive, Sousa inherits a $11.9-billion deficit that […]
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