The Harper government has handed down the first balanced budget since 2008.
Finance Minister Joe Oliver is projecting a surplus of 1.4 billion dollars this year, increasing to nearly five billion dollars by 2019-20.
But it had to dip into its contingency fund and sell off assets to make that happen.
The chief Economist for Dominion Lending Centres says the Harper government is hanging its hat on its balanced budget legislation and that has her worried.
Dr. Sherry Cooper says countries around the world are recognizing the challenge of a blind push for balancing budgets in times of great austerity.
“What concerns me about this budget or at least about the future of balanced budget legislation is it could well slow down the response of government to fiscal stimulus in times of extreme need, and that would be a big mistake.”
The Canadian Federation of Independent Business gives the budget an “A” grade.
It says small business owners across the country will welcome an 18 percent reduction in the small business corporate tax rate over the next four years.
President Dan Kelly says lowering that tax burden is greatly appreciated.
The federation also applauds the introduction of balanced budget legislation to protect taxpayers for the future.