Government of Canada / Gouvernement du Canada
Symbol of the Government of Canada

Search

Version of document from 2016-06-22 to 2024-05-28:

Federal Balanced Budget Act

S.C. 2015, c. 36, s. 41

[Repealed, 2016, c. 7, s. 79] - 2016-06-22

Assented to 2015-06-23

An Act respecting the balancing of federal government budgets

[Repealed, 2016, c. 7, s. 79]

Preamble

Whereas a sound fiscal position is crucial to economic growth and job creation over the longer term;

Whereas attaining and maintaining a sound fiscal position requires that the Government of Canada achieve annual balanced budgets and reduce debt, other than when a recession or extraordinary situation occurs;

Whereas maintaining balanced budgets and reducing debt helps to keep taxes low, instill confidence in consumers and investors, strengthen Canada’s ability to respond to longer-term economic and fiscal challenges and preserve the sustainability of public services;

And whereas reducing the debt burden will help to ensure fairness for future generations by avoiding future tax increases or reductions in public services;

Now, therefore, Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

Short Title

[Repealed, 2016, c. 7, s. 79]

 [Repealed, 2016, c. 7, s. 79]

Interpretation

[Repealed, 2016, c. 7, s. 79]

 [Repealed, 2016, c. 7, s. 79]

Application

[Repealed, 2016, c. 7, s. 79]

 [Repealed, 2016, c. 7, s. 79]

 [Repealed, 2016, c. 7, s. 79]

Federal Debt Reduction

[Repealed, 2016, c. 7, s. 79]

 [Repealed, 2016, c. 7, s. 79]

Projected Deficit

[Repealed, 2016, c. 7, s. 79]

 [Repealed, 2016, c. 7, s. 79]

 [Repealed, 2016, c. 7, s. 79]

 [Repealed, 2016, c. 7, s. 79]

Recorded Deficit

[Repealed, 2016, c. 7, s. 79]

 [Repealed, 2016, c. 7, s. 79]

 [Repealed, 2016, c. 7, s. 79]

 [Repealed, 2016, c. 7, s. 79]

General Provisions

[Repealed, 2016, c. 7, s. 79]

 [Repealed, 2016, c. 7, s. 79]

 [Repealed, 2016, c. 7, s. 79]

SCHEDULE(Section 2)

[Repealed, 2016, c. 7, s. 79]

Date modified: