name: Federal Balanced Budget Act
unofficial_text: # Federal Balanced Budget Act
  
  SC 2015, c 36, s 41
  
  An Act respecting the balancing of federal government budgets
  
  Assented to 2015-6-23
  
  ### 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 
  1  [Repealed, 2016, c. 7, s. 79]  
  
  ## Interpretation 
  2  [Repealed, 2016, c. 7, s. 79]  
  
  ## Application 
  3  [Repealed, 2016, c. 7, s. 79]  
  4  [Repealed, 2016, c. 7, s. 79]  
  
  ## Federal Debt Reduction 
  5  [Repealed, 2016, c. 7, s. 79]  
  
  ## Projected Deficit 
  6  [Repealed, 2016, c. 7, s. 79]  
  7  [Repealed, 2016, c. 7, s. 79]  
  8  [Repealed, 2016, c. 7, s. 79]  
  
  ## Recorded Deficit 
  9  [Repealed, 2016, c. 7, s. 79]  
  10  [Repealed, 2016, c. 7, s. 79]  
  11  [Repealed, 2016, c. 7, s. 79]  
  
  ## General Provisions 
  12  [Repealed, 2016, c. 7, s. 79]  
  13  [Repealed, 2016, c. 7, s. 79]  
  
  