Target Practice Needed: Canada’s 2010 Fiscal Accountability Rankings

C.D. Howe Institute Backgrounder, No. 129, May 2010

C.D. Howe Institute Backgrounder, No. 129, May 2010

12 Pages Posted: 12 Aug 2010

Date Written: May 13, 2010

Abstract

Government spending overruns and missed revenue targets remain a common occurrence in Canada. Countrywide, spending overruns by the federal, provincial and territorial governments over the past decade exceeded $70 billion, limiting debt reduction and tax relief in earlier years, and materially adding to current deficits. This fourth annual fiscal accountability ranking measures each jurisdiction’s 10-year fiscal record for bias (the average difference between budget projections and actual results) and accuracy (over-shoots and under-shoots of budget targets).

Keywords: Fiscal Policy, Canadian Federal, Provincial and Territorial Governments Fiscal Accountability Rankings

JEL Classification: E62, H11, H72

Suggested Citation

Busby, Colin and Robson, William B. P., Target Practice Needed: Canada’s 2010 Fiscal Accountability Rankings (May 13, 2010). C.D. Howe Institute Backgrounder, No. 129, May 2010; C.D. Howe Institute Backgrounder, No. 129, May 2010. Available at SSRN: https://ssrn.com/abstract=1657879

Colin Busby (Contact Author)

C.D. Howe Institute ( email )

67 Yonge St., Suite 300
Toronto, Ontario M5E 1J8
Canada

William B. P. Robson

C.D. Howe Institute ( email )

67 Yonge Street
Suite 300
Toronto, Ontario M5E 1J8
Canada
416-865-1904 (Phone)
416-865-1866 (Fax)

HOME PAGE: http://www.cdhowe.org

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