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It’s easier for governments to increase spending than bring it back down
As the COVID-19 crisis unfolds and governments across the country scramble to respond, public spending is increasing quickly, particularly at the federal level. Much of this spending is entirely reasonable and indeed necessary. ...
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Prime Ministers and Government Spending: 2020 Edition
This bulletin measures the level of per-person program spending undertaken annually by prime ministers, adjusting for inflation, since 1870. (The years from 1867 to 1869 were excluded due to a lack of inflation data). Per-person spending spiked ...
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Alberta’s government finances require swift reform, reduction in spending
Soon the “Blue Ribbon Panel on Alberta’s Finances,” tasked with developing a plan to eliminate Alberta’s sizeable budget deficit and restore the province to fiscal sustainability, will deliver its long-awaited report. When considering ...
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Spending Beyond Our Means: Addressing the Root Cause of Alberta’s Deficit
In May of 2019, Alberta’s newly elected United Conservative Party created the Blue Ribbon Panel on Alberta’s Finances. The panel’s mandate was to develop recommendations to achieve a balanced operating budget without tax increases by 2022/23. This ...
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There’s a lot we can’t control—but we can control spending
Appeared in the Winnipeg Free Press, August 26, 2019 The mid-1960s to 1995 was a terrible period for federal government finances in Canada. The government borrowed every year but one, interest costs consumed ever-greater shares of revenues, the country’s ...
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Prime Ministers and Government Spending: 2019 Edition
This bulletin measures the level of per-person program spending undertaken annually by prime ministers, adjusting for inflation, since 1870. (The years from 1867 to 1869 were excluded due to a lack of inflation data). Per-person spending spiked ...
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Government spending varies widely across major Ontario municipalities
Burlington spent nearly 17 per cent of tax-financed expenditure on “general government.” ...
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Provincial finances in trouble—spotlight Western Canada
The Parliamentary Budget Office (PBO) recently published its annual fiscal sustainability report, which provided long-term projections to assess the sustainability of public finances for the federal government and the provinces. In this ...
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Ontario’s ‘mini-budget’ makes little progress on deficit
Today, Finance Minister Vic Fedeli tabled Ontario’s Fall Economic Statement. Given Ontario’s difficult fiscal situation (a large budget deficit and mountain of public debt), and signals that the update would be a “mini-budget’ with ...
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Successive Ontario governments increased net debt from $139 billion to $338 billion
The Ford government today released its fall economic and fiscal update, which includes taxation and spending changes, with Finance Minister Vic Fedeli noting that the "fiscal hole is deep.” However, perhaps the most telling ...