Table: Blame for Budget Deficit Table: Paterson Handling
of Budget Table: Paterson Handling of Economic Crisis
The subject matter of all of Bill C - 74, An Act to implement certain provisions
of the budget tabled in Parliament on February 27, 2018 and other measures
The subject matter of those elements contained in Divisions 15 and 20 of Part 6 of Bill C - 74, An Act to implement certain provisions
of the budget tabled in Parliament on February 27, 2018 and other measures
The subject matter of those elements contained in Division 8 of Part 6 of Bill C - 74, An Act to implement certain provisions
of the budget tabled in Parliament on February 27, 2018 and other measures
A second act to implement certain provisions
of the budget tabled in Parliament on March 21, 2013 and other measures
In June 2017, Bill C - 44, An Act to implement certain provisions
of the budget tabled in Parliament on March 22, 2017 and other measures, more commonly known as the Budget Implementation Act, 2017, No. 1, received Royal Assent.
Not exact matches
Canada's 10 provinces and three territories currently combine to spend an average 36 % (see
table)
of their
budgets on health care.
Recall that just days before the
budget was
tabled there was a surprise announcement that costs for cleaning up Atomic Energy
of Canada Ltd.'s nuclear program were going to be $ 2.4 billion higher than expected.
Finance Minister Jim Flaherty
tables the federal
budget in the House
of Commons on Parliament Hill in Ottawa on Thursday March 21, 2013.
On March 22, the NDP government
of Rachel Notley
tabled the 2018 Alberta
budget.
Interestingly, though, the Department
of Finance just came up with a new feature for the 2012 edition
of the Fiscal Reference
Tables, which were made public on Friday: estimates for the «cyclically - adjusted
budget balance.»
There were issues in putting this
table together, given the number
of reclassifications announced in this Update, making comparisons to the March 2012
Budget component projections extremely difficult.
Finance Minister Joe Oliver, who is delaying the release
of the federal
budget until at least April due to uncertainty over falling oil prices, will have to put something on the
table soon.
However, since coming to office in 2006, six
of the nine
budgets tabled by the Harper government have been after March 1st.
The Honourable William Morneau, Minister
of Finance,
tabled the government's 2018 federal
budget on February 27, 2018.
, this meant that the
budget had to be
tabled before the end
of February.
Given the considerable number
of background studies and the solid work
of various groups such as the Jenkins Panel, the Mowat Centre for Policy Innovation, and the C.D. Howe Institute, CATA argues that it is time the Government considers and
tables an action plan and commits to milestone deliverables in the 2012
Budget to foster an effective environment for successful commercialization
of Canadian innovations.
The March 22nd
budget may shed some light on government program spending for 2011 - 12, but we won't know the final spending outcome until the audited financial results for 2011 - 12 are
tabled in the fall
of 2012.
Thirdly, a mini-
budget would allow the government to table a Budget omnibus bill, which could include a lot of things that, like previous budget omnibus bills, have nothing to do with the b
budget would allow the government to
table a
Budget omnibus bill, which could include a lot of things that, like previous budget omnibus bills, have nothing to do with the b
Budget omnibus bill, which could include a lot
of things that, like previous
budget omnibus bills, have nothing to do with the b
budget omnibus bills, have nothing to do with the
budgetbudget.
The two alternative
budgets were released just days before the
tabling of the federal
budget on March 21st.
Yet in six
of the last eight years, the Estimates have been
tabled before the
budget.
This confusion could be avoided if the government simply committed to
tabling its
budget before the middle
of February.
This implies that the
Budget should be
tabled in late January or in early - to mid-February, in order to give the Treasury Board Secretariat time to make the Main Estimates
of spending consistent with the economic assumptions and spending decisions underlying the
Budget.
With the upcoming
tabling of the 2013
Budget, there will again be major differences between the Main Estimates and the
Budget for total spending.
They are out -
of - date the moment the
Budget is
tabled.
-- Outside
of this faith - based position, Larry is not immune to data, knows his way around
budget tables, and more than most, thinks about the interaction between financial markets and the real economy.
When the Main Estimates are
tabled before a
Budget, they do not include any
of the policy initiatives and restraint measures proposed in that
Budget.
Under Bill C - 59, if the Minister
of Finance
tables a
budget that projects a deficit or if a deficit is reported at the end
of the fiscal year, the Minister must appear before the House
of Commons Finance Committee within the first 30 days
of the House
of Commons sitting to explain the reasons for the deficit and present a plan for a return to balanced
budgets.
Five
of the seven
budgets of the government have been
tabled after the Main Estimates, thereby making the
budget estimates
of spending inconsistent with the Main Estimates
of government spending.
Proposing these initiatives in a
budget tabled before the end
of fiscal year 2014 - 15 would have required that the net savings be booked in 2014 - 15 rather than in 2015 - 16.
This meant that Main Estimates
of government spending, which were
tabled on February 28, 2012, were based on economic assumptions presented in the previous Fall 2011 Update and not those in the 2012
budget.
Parliamentarians and Canadians will have to wait for the
tabling of the
Budget Omnibus Bill to see what is actually planed.
Table 2 compares PBO's forecast
of the federal budgetary balance to the March 2011
Budget forecast and the reasons for the differences.
As it turns out, the PBO forecast
of nominal gross domestic product (GDP) differs only marginally from the adjusted forecast
of nominal GDP used in the March 2011
Budget (see
Table 1).
Louis - Philippe Rochon Associate Professor, Laurentian University Co-Editor, Review
of Keynesian Economics With the
tabling of a new federal
budget on April 21, the Conservatives are trying to reinvent themselves as good economic managers, stalwart
of sound finance.
However, there remains a lot
of room for improvement on financial reporting and disclosing details
of expenditure cuts, he said, including
tabling the
budget before department spending estimates.
It would
of course be preferable to have the PBO release its economic and fiscal updates after the
tabling of the Government's economic and fiscal update and the
budget.
The Minister
of Finance, Jim Flaherty,
tabled a
budget on June 6, 2011, just over two months after he
tabled his last
budget, which died on the order paper with the dissolution
of Parliament due to the election.
Mr. Flaherty probably doesn't know, and probably doesn't care, but he has done Parliament» and Canadians, a huge favour by
tabling his
budget in February, provided the President
of the Treasury Board provides a reconciliation between the two sets
of numbers.
If the Finance Minister keeps to his word, the earliest the
budget could be
tabled would be in the week
of April 20th.
The later the
budget is
tabled, the less time there is to ensure timely passage
of any accompanying legislation, without the use
of time limits and closure.
For example, although the report includes a
table showing the differences between the final results for 2011 - 12 and the March 2012
Budget forecast for 2011 - 12, explanations
of these changes amounted to less than four lines and were questionable.
The President
of the Treasury Board
tabled the Main Estimates for 2012 - 13 on February 28, 2012, approximately one month in advance
of the
tabling of 2012
Budget scheduled for March 29th.
Nevertheless, why Mr. Flaherty decided to change the timing for the 2014
budget after
tabling most
of his previous
budgets in March remains a mystery.
And it is the
budget Mr. Flaherty
tabled that day that raises taxes on the importation
of hundreds
of products from dozens
of countries.
We have seen expenditure data for Living Goods for 2012 and 2013 and a
budget for 2014.57 Both
of the
tables below exclude the cost
of goods.
Five
of Mr. Flaherty's last eight
budgets have been
tabled in March, with the remaining in January, February and May.
The President
of the Treasury Board indicated that, given that the Main Estimates are being
tabled before the
Budget, the Main Estimates for 2012 - 13 would not include the impact
of any
of the upcoming proposed spending reductions.
On Wednesday, the Minister
of Finance
tabled BILL C - 4, the second omnibus bill related to measures proposed in the March 2013
Budget.
This is the first Supplementary Estimates since the
tabling of Budget 2013.