Canada 2014/15 budget cap a little more than C$2 bln -Harper

Thu Mar 12, 2015 4:48pm EDT
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March 12 (Reuters) - Canada's federal budget will show a deficit of just over C$2 billion ($1.6 billion) in the current fiscal year and will be balanced in the year starting April 1, Prime Minister Stephen Harper said on Thursday.

"Last year we had a deficit of only a little over C$5 billion, which was much less than we anticipated. This year, we're coming in at a little over C$2 billion, and of course in the year to come, 2015/16, we will balance the budget in Canada, and we are doing this years ahead of virtually any other developed nation," Harper said in an appearance in Saskatchewan.

($1=$1.27 Canadian) (Reporting by Randall Palmer and David Ljunggren; Editing by Chris Reese)