Federal budget to be tabled Feb. 11

Canada's Finance Minister Jim Flaherty reacts during a news conference in Ottawa January 27, 2014....

Canada's Finance Minister Jim Flaherty reacts during a news conference in Ottawa January 27, 2014. (CHRIS WATTIE/REUTERS)

Giuseppe Valiante, Parliamentary Bureau

, Last Updated: 5:41 PM ET

OTTAWA — Don't expect the Feb. 11 budget to include any new, big spending initiatives, Finance Minister Jim Flaherty said Monday.

"I'm not really a big spender," he told reporters. "But I'm not the only person who makes the budget decisions."

Instead, the 2014 budget will focus on deficit reduction, he said, "without raising taxes or cutting transfers (to the provinces)."

The most recent federal economic outlook indicated that the country will end the 2014-15 fiscal year with a $5.5-billion deficit. The country is expected to have a $3.7-billion surplus the following year.


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