Liberal MP urges Harper government to reveal its updated budgetary forecast

The Liberal party is calling on the federal government to share its latest budgetary projections with the public after a new analysis revealed the country is on course for a deficit in 2015-16.

OTTAWA — The Liberal party is calling on the federal government to share its latest budgetary projections with the public after a new analysis revealed the country is on course for a deficit in 2015-16.

The parliamentary budget office produced an updated fiscal outlook this week that predicts Canada will run a $1-billion shortfall.

The calculations were based on a downgraded Bank of Canada forecast and raised doubts about the governing Conservatives’ long-held vow to achieve an election-year surplus.

Liberal finance critic Scott Brison has sent a letter to Finance Minister Joe Oliver urging him to unveil his department’s updated forecast before a parliamentary committee following the central bank’s gloomier prediction.

Oliver insisted earlier this week that the Harper government remains on track to produce a budgetary surplus this year — despite the economy’s struggles following the oil-price slide.

The Conservative government tabled a budget in April that projected a $1.4-billion surplus for 2015-16.

Just Posted

Red Deer-area farmers need this week’s rainfall

County ag specialist favours moderate showers— not a deluge

Red Deer man faces fraud charges

$30,000 stolen from two businesses

Red Deer audiences can’t get enough of Sherlock Holmes — original CAT series ends its sold-out run

Local playwright Albertus Koett launches ‘The Empty House’ at Nickle Studio

Updated: Police cancel Amber Alert, abducted baby found

The seven-month-old Jameson Sundby was taken by his father from Fairview, Alberta.

WATCH: New RDC president has three decades of experience working at colleges and universities

Peter Nunoda says he’s ‘excited’ to help transition the college into a university

Why Solar: Alberta is serious about the energy transition

The powers that be are a misguided bunch, literally. It would seem… Continue reading

Follow the money: Salary cap could spawn NHL trade frenzy

Matt Niskanen wasn’t totally shocked when the Washington Capitals traded him to… Continue reading

Rugby Canada chooses 43-man long list for Pacific Nations Cup tournament

Captain Tyler Ardron, who plays in New Zealand for Super Rugby’s Chiefs,… Continue reading

Paul Simon, Alice Quinn honoured by Poetry Society of America

NEW YORK — Paul Simon doesn’t care much for requests, but he… Continue reading

NFB says Indigenous Action Plan is on track, meets 2020 production targets

MONTREAL — The National Film Board of Canada says it has reached… Continue reading

Take two: Alberta lauds federal re-approval of Trans Mountain pipeline project

EDMONTON — Alberta Premier Jason Kenney is lauding the federal government’s decision… Continue reading

Business leaders welcome pipeline approval but fear it may not be completed

CALGARY — Ottawa’s approval of the Trans Mountain pipeline expansion pleased business… Continue reading

Most Read