Governments' Budget Overruns Total $69 billion, Accountability Lacking: C.D. Howe Institute



    TORONTO, Feb. 28 /CNW/ - Total budget overruns for Canadian federal,
provincial and territorial governments amounted to $69 billion over the past
decade, revealing a continuing lack of accountability to voters about budget
promises. The glum news is contained in a study released today by the C.D.
Howe Institute, "Off the Mark: Canada's 2008 Fiscal Accountability Ranking,"
by Colin Busby and William B.P. Robson. In this, the second edition of their
fiscal accountability rankings, the authors compare what legislators vote for
at budget time, with what their governments actually spend in the ensuing
fiscal year. Performance varies widely, with Quebec setting the pace for low
overruns, and Alberta and Saskatchewan among the worst performers,
overshooting their spending targets by a wide margin.

    The study is available at:
    http://www.cdhowe.org/pdf/backgrounder_112.pdf.

    Cette étude est disponible au :
    http://www.cdhowe.org/pdf/backgrounder_112french.pdf.





For further information:

For further information: William Robson, President and CEO or Colin
Busby, Policy Analyst, C.D. Howe Institute, (416) 865-1904, cdhowe@cdhowe.org


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