Canada budget to be balanced in about 14 months: Flaherty

Mon Nov 25, 2013 4:57pm EST
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OTTAWA Nov 25 (Reuters) - Canada's federal budget will be balanced "in approximately 14 months", Finance Minister Jim Flaherty told the Senate finance committee on Monday.

Flaherty said earlier this month that Canada would run a budget surplus of C$3.7 billion in the 2015-16 fiscal year.

"We will be balanced again in approximately 14 months and we'll be in a position to run a surplus and make the policy decisions that are made then about what to do about the surplus," he said.