Tag Archives: federal budget
Federal Budget 2016: Quick Comment
Well it is Budget Day in Canada! Today’s federal budget is designed to address Canada’s uncertain economy by running large deficits to stimulate spending. Interestingly enough, the spending is somewhat more skewed towards people rather than things (infrastructure) which probably makes it a long term calculated pre-election strategy.
Is Ottawa Shortchanging Ontario? You Decide.
Well it is federal budget time once again and the inevitable political opera around transfer payments is in progress. This time, Ontario is feeling shortchanged and wants Ottawa to restore the 641 million dollar cut in transfer payments it is slated to receive for the 2014-15 fiscal year. Ontario Finance Minister Charles Sousa argues that […]
The Incredible Shrinking Federal Government
The Federal government will be releasing their fall economic update today and so this is as good a time as any to review Canadian federal government finances. Contrary to my earlier expectations, I guess the Federal government may indeed be about to balance its budget by 2015/16 judging by early press reports regarding today’s Federal […]
Good Luck Balancing the Federal Budget by 2015-16
Budgets are political and aspirational documents as they lay out a future course for the economy and government revenues and expenditures much as the government of the day would like them to be. Well, the 2013 federal budget is no exception as a bit of additional study of the budget numbers suggests that balancing the […]
Federal Budget Forecasting
What a difference just a few months can make in the world of federal government finance. Apparently, weak commodity prices and a slowing economy are playing such havoc with government finances that Thursday’s federal budget will show a downward revision of economic growth forecasts as well as a shortfall in revenue that will be addressed […]
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