Federal surplus at least &#36;8.9 billion but clouds on horizon, says Goodale
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OTTAWA (CP) - A strong domestic economy and healthy global demand means Ottawa is on pace to record another whopping budget surplus - &#36;8.9 billion - this fiscal year, says Finance Minister Ralph Goodale.
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More than &#36;1 billion in federal aid to help schools and libraries connect to the Internet is being delayed by a bookkeeping change that has tied up the money.
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Brazilian government released federal budget figures Friday showing an unprecedented primary budget surplus of 10.9 billion reals (&#36;3.8 billion) in August, putting Brazil well ahead of performance targets set in a loan agreement with the International Monetary Fund.
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By Pam Sohn, Chattanooga Times/Free Press, Tenn.  Feb. 10--Last year's failed plan by the Bush administration to sell more  than 7,000 acres of national forest land in Georgia and Tennessee is back --  penciled into the president's proposed 2008 budget.   Under the plan, the U.S.
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WASHINGTON - The Congressional Budget Office is projecting that this election-year's federal deficit will reach $422 billion, congressional aides said Tuesday, the highest ever, yet a smaller shortfall than analysts predicted earlier this year.    The figure, provided by aides who spoke on condition of anonymity, is sure to provide political fodder for both parties during the remaining two months of the presidential and congressional campaigns...
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REGINA (CP) - Windfall oil and natural gas revenues and federal transfers will help Saskatchewan post a healthy surplus despite millions of dollars in new program spending.
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The U.S. budget deficit will hit  $368 billion this year even before war costs are added, the  Congressional Budget Office said on Tuesday, and analysts said  the number shows it would be hard for President Bush to keep  his promise of halving the gap in five years.
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The Bush administration on Monday sought a cut of $4.9 billion, or 8 percent, in education, training, employment and social services grants but estimated that overall outlays to state and local governments would rise slightly.
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The federal deficit will swell to a record &#36;422 billion this election year but fall short of even more dire forecasts, Congress' top budget analysts projected Tuesday in a report that became instant fodder for both political parties.
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The District government has achieved a budget surplus of more than $300 million for the third year in a row, thanks to higher-than-expected revenues and lower-than-expected spending last year, city officials announced this morning.
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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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Australian Prime Minister John Howard, seeking a fourth term at an Oct. 9 election, said budget surpluses will be bigger for the next four years than forecast when he called the poll.
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U.S. Treasury Secretary Henry Paulson on Wednesday said he expects the federal government to reach its $8.965 trillion statutory debt limit on October 1.
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Spending by contestants and supporters in the U.S. elections this year will be nearly &#36;4 billion, the highest ever, a study released on Thursday said.
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New York City's budget surplus could approach last year's record of $3.8 billion thanks to Wall Street profits and a still-robust commercial real estate market, according to a recent report from the state comptroller.
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The White House says its drive to halve federal deficits by 2009 remains on track, though it projects that the cost of wars in Iraq and Afghanistan will help drive this year's shortfall to a record &#36;427 billion.
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The Federal Government says they are considering more tax cuts for lower and middle-income Canadians. Fending off attacks over the 9.1 billion dollar budget surplus, Finance Minister Ralph Goodale said he