Balanced federal budget will become law

Balanced federal budget will become law

Balanced federal budget will become law Finance minister Joe Oliver has tabled a bill to commit the federal government to a balanced budget, a move certain to become law with the Conservative’s majority. Although most of the provinces have had similar laws since the 1990’s this is the first time for the federal administration. The budget will be allowed to fall into deficit in the event of recession, war or natural disaster.