Fcuking Conservatives. This is exactly what you rednecks get for voting in Conservatives. Paul Martin as Liberal finance minister balanced the budget and later generated surpluses.

Conservatives come into power and they take a budget surplus and turn it into a deficit.

You'll all be suffering. STUPID TOOLS!

Federal government runs $517M deficit in April, May
Last Updated: Friday, July 25, 2008 | 12:27 PM ET
http://www.cbc.ca/canada/story/2008/07/25/fedfinance.html

The federal government ran a deficit of $517 million over April and May, the first two months of the current fiscal year, mainly due to lower corporate income tax and GST revenues.

Over the same time period last year, the government ran a $2.8 billion surplus.

The federal finance department said Friday that during this April and May revenues declined by $1.6 billion, or 4.1 per cent. The revenue estimates for the first two months of the year include the impact of tax reduction measures for people, businesses and the GST.

Corporate tax revenue fell by $1.1 billion, or 16.6 per cent, from the same two months of last year.

GST revenues dropped by $1 billion, or 20.9 per cent, partly as a result of the one percentage point reduction in the GST rate, which was effective Jan. 1, 2008.

Spending on programs rose by $2.1 billion, or seven per cent, on higher transfers and other expenses.

"The monthly profile of growth in spending will initially be quite high but by mid-year will moderate considerably, consistent with the 3.4 per cent annual growth projected in budget 2008," said the finance department forecast.

That's not going to look too good during the election next year!

its just that the libs were great at cookin the books

now we have a little honesty in ottawa

and hey we are fighting a war. that costs big bucks

No, that idiot thought we could afford to reduce the GST when obviously we couldn't!

conservatives don't know how to use money

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