Quebec delays budget balance by two years to 2015/16

Thu Nov 28, 2013 1:29pm EST
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Nov 28 (Reuters) - The Canadian province of Quebec will eliminate its budget deficit two years later than promised, the government said on Thursday, citing weak growth and disappointing revenues.

Quebec had projected a balanced budget in the 2013-14 fiscal year but now expects a return to balanced books in 2015-16, Nicolas Marceau, the provincial finance minister, said as he released an update to the fiscal outlook.