Alternative Federal Budget forecasts $8.3 billion surplus
February 2, 2004 |
OTTAWA--Every year since the elimination of the federal budget deficit in 1997, the government's record of forecasting its own surplus has been abysmal--and this year is no different, according to a study released today by the Canadian Centre for Policy Alternatives.
Crying Wolf Again? A Pre-Budget Assessment of Federal Finances, an Alternative Federal Budget technical paper by CCPA economist Ellen Russell, foresees a budget surplus of $8.3 billion for 2003/04, dwarfing the $2.3 billion forecast by the Martin government.
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