Federal deficit-spending plans put burden on taxpayers

As more resources go towards paying debt interest, the gap between what we pay in taxes and what we receive in services widens

Federal deficit-spending plans put burden on taxpayersBy Tegan Hill and Milagros Palacios The Fraser Institute Federal Finance Minister Bill Morneau recently confirmed that, should a recession occur, Ottawa will turn on the spending taps using borrowed money. This government’s lack of fiscal discipline coupled with a willingness – if not outright enthusiasm – for even more deficit spending could imperil federal…

Federal finances perilous but Morneau oblivious

Canada’s economy is weakening with storm clouds on the horizon while federal finances are woefully unprepared for a recession

Federal finances perilous but Morneau obliviousBy Jason Clemens, Jake Fuss and Milagros Palacios The Fraser Institute It’s hard to recall a time when Canada’s finances were so perilously close to rapidly deteriorating with seemingly little or no interest in Ottawa. Federal Finance Minister Bill Morneau has been making the rounds since releasing the fall economic update last month, reassuring Canadians…

Federal finances on a razor’s edge

The federal government can’t continue to ignore the warning signs of a slowing economy. It should limit discretionary spending now

Federal finances on a razor’s edgeBy Tegan Hill and Jake Fuss The Fraser Institute The recently-released Economic and Fiscal Update demonstrates the federal government’s proclivity for marked increases in deficit-financed spending despite warning signs of a slowing economy. New borrowing and a larger deficit increase the risk to federal finances should a recession occur. The federal update pegs the deficit…

Growing debt a clear and present danger to Canadian economy

Canada’s debt has grown faster than the economy. That dangerous pattern casts a shadow over the nation’s long-term financial health

Growing debt a clear and present danger to Canadian economyBy Alex Whalen and Jake Fuss The Fraser Institute Just before the holidays, the federal government released its fall economic update. It revealed that Canada’s federal debt-to-gross-domestic-product ratio increased in 2019, meaning Canada’s debt has grown faster than the economy. This is particularly important because the government chose the debt-to-GDP ratio to guide federal fiscal…

Prevention cuts demand on the health system

Increased spending has entrenched an inefficient system that has inflated the cost of getting the same outcomes. It’s time for change

Prevention cuts demand on the health systemCanada has doubled health care spending since 2005 – and what did we get? We certainly haven't improved access to care, nor improved health outcomes. Increased spending has, instead, entrenched an inefficiently organized system that has inflated the cost of getting, at best, the same access and outcomes. The alternative to spending to meet rising…

Taxpayers are often the losers in the incentive game

When one government offers incentives and another one doesn't, then the comptetion to attract new businesses is no longer a level playing field

Taxpayers are often the losers in the incentive gameWhen Toronto-based Wattpad chose Halifax over Calgary as the site of its second headquarters last month, the question on many people’s minds was: Which of the two cited factors was the deciding one – concerns about Western separatism or cuts to Alberta’s tax credits for tech companies? The answer isn’t quite as simple as either/other.…

Alberta’s budget cuts not aggressive enough: report

Alberta's spending reduction plans much smaller than previous governments that wanted to eliminate the deficit, says Fraser Report

Alberta’s budget cuts not aggressive enough: reportThe Alberta government’s plan to eliminate the budget deficit by 2022/23 is less aggressive — both by timeline and by the amount of spending reductions — than previous successful deficit-reduction plans by other governments across Canada, says a new report released Thursday by public policy think tank the Fraser Institute.  “The recent Alberta budget represents…

Alberta has much to teach Ontario on budgeting

The Alberta government has not only set out a better direction on program spending, it also has a better plan on taxes

Alberta has much to teach Ontario on budgetingAlberta Premier Jason Kenney’s government delivered its first budget in October following the United Conservative Party’s victory over the NDP earlier this year. That budget sets a course Ontario should follow. Kenny’s mandate from voters was similar to that of Ontario Premier Doug Ford: to reverse course on the previous administration’s overspending, deficits and tax…

Why a Canadian basic income is inevitable

The need for income security among middle-class Canadians is accelerating as the labour market changes

Why a Canadian basic income is inevitableIn Canadian policy circles, basic income has come to mean a stipend paid to families or individuals without the many conditions and rules that govern existing income assistance programs. The amount received is gradually reduced as income from other sources increases. However, basic income is not just about welfare reform. A basic income is most…

Activist Liberal government produces red ink and alienation

Prime Minister Justin Trudeau is following in the footsteps of his father. That’s leading to fiscal calamity and regional dissent

Activist Liberal government produces red ink and alienationBy Jason Clemens, Milagros Palacios and Niels Veldhuis The Fraser Institute As the dust settles from the federal election – which further exacerbated Western frustration, if not outright separatist sentiments – it’s worth considering the policy ebbs and flows of the Liberal Party under Pierre Trudeau and his son Justin. Therein lies the explanation and…
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