Some highlights from Finance Minister Jim Flaherty’s 2014 federal budget
OTTAWA – Some highlights of the federal budget delivered Tuesday by Finance Minister Jim Flaherty:
— The budget is close to balance, with a $2.9-billion deficit and a $3-billion contingency fund.
— Flaherty forecasts revenues of $276.3 billion and expenditures of $279.2 billion.
— The government makes clear it will balance the budget next year by cutting program spending and reining in public service compensation costs.
— The budget proposes to make retired federal public servants pay half the costs of their health-care plan, up from a quarter now. This would raise annual payments for a retired individual to $550 from $261. (more…)