TORONTO (Reuters) - Canada’s federal government will not run a budget deficit, Finance Minister Jim Flaherty said on Wednesday, responding to a report by the Organization for Economic Co-operation and Development.
“What the report said is that overall, governments in Canada might run deficits this year and next. Certainly the federal government will not,” he said.
The report said there could be a small deficit if provincial budgets are taken into consideration.
Reporting by David Ljunggren, writing by Cameron French; Editing by Peter Galloway