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February 21, 2013

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.

Pinocchio Index below.

 

 

Colin Busby

Colin Busby is Director of Policy Engagement at the C.D. Howe Institute. He leads the Institute’s pension policy program as well as its Intelligence Memos.

William Robson

Bill Robson took office as President and CEO of the C.D. Howe Institute in July 2006, after serving as the Institute’s Senior Vice President since 2003 and Director of Research from 2000 to 2003. He has written more than 280 monographs, articles, chapters and books on such subjects as government budgets, pensions, healthcare financing, inflation and currency issues.