Ottawa posts $1.9B surplus for fiscal 2014-2015

The federal government posted a surplus of $1.9 billion for the 2014-2015 fiscal year, according to final numbers from Ottawa released today.

The Department of Finance said the figure is a reversal of a $5.2 billion-deficit posted for the previous fiscal year.

In its recent budget, Ottawa was forecasting a deficit of $2 billion for 2014-2015.

  • The Butterfly

    Gasp! Justine was right. The budget did balance itself.

    • Damn;)

    • Gary

      So why would we need Justin if it just worker for Harper.

  • Clink9

    Where’s our refund?

    • The Refugees got it.

      • Clink9


    • Maurixio Garciasanchez

      They are walking on the streets , they from Syria .

  • David Murrell

    The ultra-left wacko readership at the Globe and Mail have gone bezerk:

  • tom_billesley

    Is it audited? It’s like the reversal that Greece showed when applying to join the EU.

  • This must be embarrassing for certain parties.

    • Minicapt

      Not yet, it has to be explained to them first; slowly, as with Maurixy.


  • simus1

    This means excess tax revenues are being used to reduce debt instead of being wasted in foolish govt programs to benefit rent seeking scum.

    This cannot be allowed to continue !!
    Tom ! Wake up ! You must put a stop to this !

  • Gary

    The liberals will bash Harper and claim that they aren’t spending enough on the Children’s needs and that surplus could have save the Aylan Khurdi boy from dying on the beach.

    Don’t put it past Justin to exploit the victim of Islam as Harpers fault.