Aces High Bulletin Board

General Forums => The O' Club => Topic started by: Thrawn on October 13, 2004, 11:00:50 AM

Title: Liberals make a good decision.
Post by: Thrawn on October 13, 2004, 11:00:50 AM

"$9.1-billion surplus goes to debt: Goodale


Canadian Press
October 13, 2004


OTTAWA (CP) -- The federal government confirmed Wednesday that its tax intake massively outweighed spending in the past fiscal year -- producing a budget surplus of $9.1 billion.

The surplus for the year ended March 31, the seventh annual surplus in a row, was almost five times the $1.9 billion the government originally forecast.

"Consistent with generally accepted accounting principles, the $9.1 billion has been applied to reduce Canada's federal debt," said a news release from Finance Minister Ralph Goodale.

That debt stood at $501.5 billion at the end of March, down by $61.4 billion from its peak in 1996-97."

http://www.canada.com/national/story.html?id=f9bacd16-5bba-4418-8565-0bd99545ad11


I can back that. I wouldn't have minded if they spent some of it on new military equipment though. I'm just glad they aren't using it to fund new social programs.

Title: Liberals make a good decision.
Post by: Torque on October 13, 2004, 11:09:08 AM

Should be 9.4 billion, them crooks.

Freak'n poutine factor.....