The Federal Government presented its 2014 Budget, The Road to Balance: Creating Jobs and Opportunities, on Tuesday, February 11. The Budget includes in its 419 pages approximately $280 billion in spending over the next several years. The Government won’t raise personal or corporate taxes in 2014 and predicts a $2.9 billion deficit in 2014-15, leading to a surplus of $6.4 billion the following year and $10.3 billion by 2018-19. The final deficit for 2013-14 was $16.6 billion, less than the $17.9 billion estimated in the fall.
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