Federal Budget: Finance Department

Finance Department: Read some highlights from the 2014 budget , according to CBC. Updated figures in the budget show the Conservatives with a $2.9-billion deficit, just within the $3-billion contingency Flaherty has built in in case of major blows to Canadas economy. The Finance Department upgraded its projected surplus for next year to $6.4 billion from $3.7 billion. Vague promises and a fourth straight year of federal spending cuts marked Finance Minister Jim Flahertys 10th federal budget Tuesday, putting him within the margin of error of balancing the books a year ahead of schedule. Budget cuts $3.1B in planned military spending (www.immigrantscanada.com). As reported in the news.