Balanced Budget

: And the result announced Monday put an end to consecutive budget deficits by Conservative governments since 2008, according to The Toronto Star. This is incredibly good news. The small surplus marked a reversal of the Conservatives’ prediction in April that the final numbers for last year would show a $2-billion deficit. Look, in spite of all the problems of the world, this country has a balanced budget, said Harper, who on Thursday will take part in a leaders debate on the economy. Direct spending on federal government programs decreased last year by $1.6 billion from the previous year, the finance department reported. We are starting this year in an even better position than we thought we would, he remarked Monday at an event in Kamloops, B.C. The budget surplus was partly attributed to lower-than-expected public debt charges in 2014 because of lower interest rates and lapsing of government spending, a controversial trend that takes place when departments do not use all the money approved for the year. (news.financializer.com). As reported in the news.