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Next prime minister should cut spending to help the poor
According to estimates, economic growth is maximized when government spending is about 26 per cent of GDP. ...
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Trudeau government should heed looming risks to federal finances
Appeared in the Globe and Mail, October 23, 2020 The federal government along with several prominent economists have downplayed the near-term risks to federal finances. Some have actually characterized Ottawa’s financial position as basically “ sound.” ...
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When measured against history, Prime Minister Trudeau’s spending near peak levels
The federal government plans to spend $8,337 (per person) this fiscal year. ...
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Notley government at two years—too much Rae, not enough Romanow
Appeared in the Calgary Herald, May 12, 2017 Just over two years ago, Rachel Notley became the 17th Premier of Alberta. Upon taking office, Premier Notley’s government was confronted with serious fiscal challenges. Oil prices were down, the economy was ...
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Wynne government reopens spending tap, exposes province to more risk
Appeared in the Financial Post, May 10, 2017 The Wynne government recently tabled Ontario’s first balanced operating budget in a decade. While it’s good to see the province finally bring its annual operating expenditures in line with revenues, there are ...
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Ontario’s budget opens the spending tap, drowns Ontarians in more debt
Appeared in the Toronto Sun, April 28, 2017 On Thursday, Finance Minister Charles Sousa tabled the Ontario government’s budget for the 2017/18 fiscal year. The government’s spin has focused on the fact that the operating budget is balanced for the first ...
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Saskatchewan has a plan to balance its budget, Alberta doesn’t
Appeared in the Calgary Sun, March 27, 2017 Alberta and Saskatchewan are energy-rich jurisdictions that fell on hard times as commodity prices fell. And both jurisdictions face significant fiscal challenges, with large budget deficits and substantial debt ...
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Morneau’s ‘Plan for Middle Class Progress’ cuts GDP by $131 billion
Appeared in the Toronto Sun, November 2, 2016 On Tuesday, Federal Finance Minister Bill Morneau released his government’s Fall Economic Statement titled A Plan for Middle Class Progress. As noted in the release, “Finance Minister Bill Morneau announced ...
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Health-care spending increases in Canada point to unsustainable future
Appeared in the New Brunswick Telegraph-Journal, June 2, 2016 Health care is the single largest budget item for every provincial government in Canada. Increases in spending on health care can therefore have a significant impact on resources available for ...
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Federal deficits could total nearly $200 billion over next five years
Appeared in the Financial Post, May 12, 2016 As the saying goes, a moving target is hard to hit. That is why repeated shifts in the federal government’s deficit and debt goals over the past six months have been so concerning. What started as a promise to ...