February 21, 2013 – Colin Busby and William B.P. Robson
Canada’s senior governments have regularly missed budget spending and revenue targets during the last decade, according to a report by the C.D. Howe Institute. In “Canada’s 2012 Fiscal Accountability Rankings,” authors Colin Busby and William B.P. Robson find the combined spending overruns of federal, provincial and territorial governments have surpassed $53 billion in the last 10 years. If budget targets were met more accurately, they point out, current taxes, deficits and debt loads would be lower and more manageable.
For the report go to: http://www.cdhowe.org/pdf/Commentary_373.pdf
For the Pinocchio Index Click go to: http://www.cdhowe.org/wp-content/uploads/2013/02/Pinocchio_Chart.gif
To view the highlights of a C.D. Howe Institute Roundtable discussing the paper’s release watch the following video: