Government Spending & Taxes

10:16AM
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Ontario budget deficit likely larger than forecast

The Ford government projected a deficit of $20.5 billion for 2020-21.


5:30AM
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Why differences between government and markets matters today—Public Choice in action, Part 2

The lack of innovation in the government sector is rooted in the differences between the incentives and disciplines imposed by customers on the government and private sectors.


5:30AM
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What would Chrétien’s budget rules have meant for Trudeau: Part 2

The Trudeau government has run five consecutive deficits since taking office in 2015 and is expected to have accumulated approximately $84.3 billion in federal debt—$713.2 billion total—by the end of 2019-20.


5:30AM
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Understanding the differences between government and markets—Public Choice in action, Part 1

Prices are almost completely nonexistent for government-provided goods and services.


1:06PM
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Pandemics, social upheaval and government spending

Federal deficit estimates range from $100 billion to $200 billion for fiscal year 2020-21.


11:48AM
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Alberta spent during the good times, which means deeper red ink during these bad times

The COVID crisis combined with the oil-price war will reduce revenue and trigger spending increases.


5:30AM
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Contrasting the Budget Rules of Chrétien and Trudeau: Part 1

Whereas the Chrétien government used balanced budgets as a guiding fiscal anchor, the Trudeau government has not had an effective fiscal rule imposing discipline on its spending, taxing, and borrowing decisions, resulting in the federal government being less prepared to respond to the current recession.


12:31PM
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History of government difficulty in writing cheques to Canadians

The auditor general noted there were 3.8 million more social insurance numbers for Canadians 20 years and older than actual people in that age group.


10:12AM
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It’s easier for governments to increase spending than bring it back down

Governments can find themselves at a new baseline spending level far in excess of revenues.


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