Making Budget Promises Matter: Canada’s 2012 Fiscal Accountability Rankings
Lack of fiscal transparency undermines good management of public money
By C.D. Howe Institute —— Bio and Archives--February 21, 2013
Canadian News, Opinion | Comments | Back To Full Article
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TORONTO, - Canada's senior governments have regularly missed budget spending and revenue targets during the last decade, according to a report released today 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.
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