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Alternative federal budget 2003: Economic and fiscal update

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Canadian Centre for Policy Alternatives
Publication Date: 
29 Oct 2002

Available in print for order (see SOURCE) and online for download.


The Alternative Federal Budget (AFB) project, coordinated by the Canadian Centre for Policy Alternatives, released its Economic and Fiscal Update. The report, contrary to Minister Manley's warnings of a shrinking surplus, forecasts a combined surplus of $27.9 billion this year and next. It also notes the AFB's remarkably accurate record of forecasting federal surpluses over the last three years - $40 billion, compared with the actual cumulative surplus of $39.7 billion. This compares with the grossly inaccurate government estimate of $7.5 billion over the last three years.