Ottawa confirms federal budget surplus of &#36;9.1 billion.
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OTTAWA (CP) - Ottawa confirms federal budget surplus of &#36;9.1 billion.
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"We are presenting a financial plan under which we will achieve a balanced budget for the first time in 40 years in the year 2011 at the latest"  Germany's Cabinet approved a draft 2008 budget on Wednesday that foresees a cut in new borrowing even as spending increases slightly -- underlining the government's aim to balance its books by 2011. via BusinessWeek
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The federal deficit of the US government hit a record high of US$436.9 billion in the first 11 months of fiscal year of 2004 ending on September 30, the Treasury Department reported on Monday.
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New figures show shortfall reaching $368 billion in fiscal 2005, not counting war costs.
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OTTAWA (CP) - Paul Martin and the premiers have agreed to a vast reform of the federal equalization program worth &#36;28 billion in new cash for most provinces over 10 years.
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OTTAWA - Canada is on track to post a budget surplus of $5.9 billion when the federal government&#39;s current fiscal year ends in March, Finance Minister Ralph Goodale said Tuesday.
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OTTAWA (CP) - The federal government can readily find the &#36;41 billion  promised for a new health deal without cutting other programs or running into the red, Finance Minister Ralph Goodale pledged Thursday.
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OTTAWA (CP) - Prime Minister Paul Martin's whirlwind pre-election tour cost taxpayers up to &#36;1 million in air travel alone, government documents suggest.
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Iraq cleared around &#36;81 million in debt it owed the International Monetary Fund late last week, fund sources said on Monday, opening the way for the first aid to flow from the global lender to Iraq.
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It has a been a difficult few years for earmarks, but the year-end budget that Congress just sent to President Bush still contained almost 9,000 of them.
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Officials agreed to send $14 billion in federal money over six years to the 13 provinces and territories that administer health care.
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The federal government raked in billions more than it expected last year in personal and corporate income taxes, and slapped down all $9.
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TORONTO (CP) - A significant number of seniors are being shortchanged by the Canada Pension Plan, with the estimated underpayments totalling about &#36;1 billion, says a new report released Monday.
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British Columbia cut its provincial sales tax by half a percentage point to 7 percent after the government forecasted a fiscal 2005 budget surplus of C$865 million ($694 million) that has risen with an expanding economy.
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The House, in a bipartisan 344-51 vote, approved a $388 billion spending bill funding much of the federal government. The figure is 2 percent less than the same programs got last year.
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CANBERRA Treasurer Peter Costello of Australia on Tuesday raised the government&#39;s forecast cash surplus for the year ending June 30 to 6.2 billion Australian dollars, or $4.7 billion, because of higher tax revenue, petroleum royalties and dividend
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French finance minister Nicolas Sarkozy unveils a budget promising to bring the deficit under control.