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E-12.00001 - Balanced Budget Act

Section 8
Disposition versions

Full text
8. If an overrun of less than $1,000,000,000 is recorded for a fiscal year, the Government must achieve an equivalent surplus in the next fiscal year.
1996, c. 55, s. 8; 2009, c. 38, s. 6; 2015, c. 8, s. 5.
8. If an overrun of less than $1,000,000,000 is recorded for a fiscal year, the Government must achieve an equivalent surplus in the next fiscal year.
If the overrun is recorded for a fiscal year in the period determined by the Minister under section 7.2, the Government, in order to offset that overrun, must achieve the budgetary deficit objective for the subsequent fiscal year or, if applicable, the balanced budget objective, adjusted by the amount of that overrun.
1996, c. 55, s. 8; 2009, c. 38, s. 6.
8. If an overrun of less than $1,000,000,000 is recorded for a fiscal year, the Government must achieve an equivalent surplus in the next fiscal year.
1996, c. 55, s. 8.
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