13°c Light rain
The Canadian Press - ONLINE EDITION
C.D. Howe Institute criticizes Saskatchewan spending overrruns
SASKATOON - A report from a prominent economic think-tank says Canada's senior governments regularly miss budget spending and revenue targets and Saskatchewan, in particular, is not meeting the grade.
The C.D. Howe Institute says that's because of resource revenue volatility.
Colin Busby, co-author of the report, says Saskatchewan is at the bottom of the pack for spending overruns because if resource revenue is higher than the budget is predicted, there is no set plan as to where that money will go.
Instead of going into new programs, Busby says it should go to pay down the deficit or to lowering taxes.
Busby says it's not a matter of balancing the budget by looking at a surplus or deficit because that often overshadows what's happening to revenues and spending, and the government's plans for both.
The report says federal, provincial and territorial governments have a cumulative spending overrun of more than $53 billion over the past ten years.
Saskatchewan's share of that is $4.2 billion.
(CJWW)
More Business
- Back to Top
- Return to Business
More Business
(1 of 15 articles for today)
3 more bodies recovered, bringing death toll from collapse at US-owned Indonesian mine to 17
7:23 AM 0TIMIKA, Indonesia - Rescuers have recovered three more bodies from a collapsed underground room at a giant U.S.-owned gold and ...
Poll
Most Popular Business
- 2 men arrested in killing of Las Vegas teen who refused to give up his iPad
- Chinese court sentences entrepreneur to death in latest crackdown on underground banking
- Hundreds of tons of New Zealand meat stranded at Chinese ports over certification dispute
- United Airlines resumes 787 flights after 4-month halt, with flight from Houston to Chicago
- Ex-'Pegger seeks to grow local businesses
- Consumer watchdog: most sunscreens meet FDA standards, but questionable SPF ratings persist
- Veteran newspaper editor Neil Reynolds dead at age 72
- Target opens Manitoba stores
- Bangladesh High Court bars garment factory owner from leaving country
- Wealth management key for banks amid slow growth in retail banking
- Transcona transformation
- Mounties say crooks passing fake polymer bank notes in British Columbia
- Holiday pump jump debated
- Driving downtown development
- 2 men arrested in killing of Las Vegas teen who refused to give up his iPad
- McDonald's adding 3 new Quarter Pounders as it phases out third-pound Angus burgers
- 3 Ford owners sue in federal court, saying EcoBoost engine is defective
- Winnipeg's got the REIT stuff
- Emergency manager reveals Detroit is nearly broke; city may have no choice except bankruptcy
- Lakeview pumped about Hecla resort
- Target opens its first Manitoba stores Tuesday
- New structure to be king of downtown?
- Transcona transformation
- Target opens Manitoba stores
- Mounties say crooks passing fake polymer bank notes in British Columbia
- Raising the rent is a good sign
- City to get a touch of glass
- Canad Inns property has personal meaning for owner
- Holiday pump jump debated
- Border-fee idea doesn't fly
- Viterra plans $20 million capacity upgrade at four Saskatchewan grain terminals
- Ex-'Pegger seeks to grow local businesses
- Rent to own
- Transcona transformation
- Bridging the gap
- Buyer beware in online auto sales: experts
- A fix for hockey sticks
- Condos made from shipping containers pass hurdle at city hall
- Monsanto wins Supreme Court fight over its genetically engineered soybeans
- Idaho spud giant bets on biotech potatoes 12 years after similar Monsanto push failed
- Transcona transformation
- Diversification spurs Exchange Income's growth
- CEO, execs terminated at TCIG
- Winnipeg's got the REIT stuff
- Driving downtown development
- Late deal in workplace sex-harassment case
- Ex-'Pegger seeks to grow local businesses
- There are lots of I's in 'team'
- Bridging the gap
- Viterra plans $20 million capacity upgrade at four Saskatchewan grain terminals
- Transcona transformation
- New structure to be king of downtown?
- CEO, execs terminated at TCIG
- Target opens its first Manitoba stores Tuesday
- Canad Inns property has personal meaning for owner
- Winnipeg's got the REIT stuff
- Older and jobless? Resource on hand
- Winnipeg Boeing plant set to expand
- Local boy leads Great-West
- MacDon on the block?
Ads by Google
You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.
Have Your Say
New to commenting? Check out our Frequently Asked Questions.
The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.