Quebec sees balanced budget 2015-16 after series of deficits

Thu Mar 26, 2015 4:29pm EDT
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QUEBEC CITY, March 26 (Reuters) - The Canadian province of Quebec said on Thursday it will balance its budget in 2015-16, as promised, after running six consecutive years of deficits.

The budget estimated a 2014-15 deficit of C$2.35 billion ($1.88 billion), in line with what had been projected in its fiscal update last December. ($1 = 1.2470 Canadian dollars) (Reporting by Allison Lampert, writing by Leah Schnurr; editing by Andrew Hay)