June 6, 2008 / 11:10 AM / 9 years ago

Flaherty vows against deficit

OTTAWA (Reuters) - Finance Minister Jim Flaherty vowed on Thursday that the government would not fall into deficit, despite a report by the OECD on Wednesday that warned of that possibility.

<p>Finance Minister Jim Flaherty speaks during Question Period in the House of Commons on Parliament Hill in Ottawa June 4, 2008. REUTERS/Chris Wattie</p>

“This government will not run a deficit,” Flaherty told Parliament.

He said the OECD report, which reported a risk of deficits in 2008 and 2009, referred to all levels of government in Canada, not just federal, and that it also referred to a different accounting system.

Reporting by Louise Egan; editing by Rob Wilson

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