Finance Minister Jim Flaherty

Finance Minister Jim Flaherty: We will be balanced again in approximately 14 months and we ll be in a position to run a surplus and make the policy decisions that are made then about what to do about the surplus, Flaherty said, according to 660 News. Flaherty has pledged to meet the target in the past, but the 14-month deadline was his most specific to date and OTTAWA The federal governments books will be back in balance in little more than a year and run a surplus from that point on, Finance Minister Jim Flaherty said Monday in generally upbeat testimony given separately to both the Senate and Commons finance committees. The Harper government is counting on balancing the budget in 2015 in order to fulfil campaign promises made four years earlier that it would introduce partial income splitting for families among other tax cuts once the deficit is eliminated. (www.immigrantscanada.com). As reported in the news.