Updated Department of Finance report continues to show the NDP has the best fiscal record in government

On Friday, the Department of Finance released its annual Fiscal Reference Tables. This tracks the Federal and Provincial fiscal balances back to 1980.

Once again, the NDP comes out on top with a 46.3% record of balancing the budget, with the Conservatives trailing at 40.4% and the Liberals with 25.7%.

The report also notes that the Conservatives have a federal deficit of $26.2 billion, which is $1.3 billion more than projected in March’s Budget. Jim Flaherty is still on track for his fifth deficit budget in a row for this fiscal year.

Political party

Years in surplus

Number of Budgets

Budgets in Deficit

NDP

46.3%

Conservative

40.4%

178

106

Liberal

25.7%

113

28.6%