With Canada’s economy slowing, the country’s revenue outlook has deteriorated, reports Bloomberg.

Read: Is Canada headed for a U.S.-style meltdown?

Though Finance Minister Jim Flaherty provided an updated fiscal plan this past fall, Bloomberg adds bringing the budget into balance will be extremely challenging given the increasingly tough economic climate.

Find out why budget planners are concerned, and whether they feel balance can be reached by 2015.

Also read:

Government to tighten belt: CIBC

Budget 2012: Reaching for balance

Industry reacts to Budget 2012

Demise of penny to cost taxpayers

Originally published on Advisor.ca