Finance Minister Jim Flaherty plans to unveil a plan today that will get the federal government’s finance back in the black by 2015 without any tax increases or cuts to provincial transfers. The Conservatives had initially projected they could undo the past year’s plunge into deficits in just five years. But, as Canada’s economic fortunes sank as a result of the recession, Ottawa was forced to ditch its earlier, more optimistic projections for economic growth. Flaherty’s plan comes amidst growing election speculation and appears to be an attempt to stave off Liberal attacks against the government’s record on the economy.
Back in the black by 2015?
The Conservative government says it will need six years to balance its books
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