Crying Wolf Again?
Alternative Federal Budget forecasts $8.3 billion surplus
OTTAWA--Every year since the elimination of the federal budget deficit in 1997, the government's record of forecasting its own surplus has been abysmal--and this year is no different, according to a study released today by the Canadian Centre for Policy Alternatives.
Crying Wolf Again? A Pre-Budget Assessment of Federal Finances, an Alternative Federal Budget technical paper by CCPA economist Ellen Russell, foresees a budget surplus of $8.3 billion for 2003/04, dwarfing the $2.3 billion forecast by the Martin government.