April 11, 2016
Canada’s federal, provincial and territorial governments have cumulatively spent $69 billion more than budgeted over the past 15 years, according to a new C.D. Howe Institute report. In “Controlling the Public Purse: The Fiscal Accountability of Canada’s Senior Governments,” authors Colin Busby and William B.P. Robson grade the performance of governments in hitting their budget targets and the transparency and reliability of their financial reports.