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Shifting gears : paths to fiscal sustainability in Canada

Author: Matthew Mendelsohn; Mowat Centre for Policy Innovation.; University of Toronto. School of Public Policy & Governance.; KPMG (Firm); et al
Publisher: [Toronto, Ont.] : Mowat Centre for Policy Innovation, University of Toronto, 2010
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Governments around the world face large budget deficits, some of which are structural. Addressing them will require significant fiscal and operational changes within governments. Some countries are undertaking radical cuts to spending to return to a path of fiscal sustainability. These efforts are reducing the footprint of government and altering some of the basic social benefits that citizens have been receiving  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Matthew Mendelsohn; Mowat Centre for Policy Innovation.; University of Toronto. School of Public Policy & Governance.; KPMG (Firm); et al
OCLC Number: 716054898
Description: 1 online resource (45 pages) : illustrations, digital file
Contents: Executive summary --
Background --
Three approaches in the return to balance --
Fiscal overview in the OECD --
Where is Canada headed --
A relentless focus on long-term transformation --
The path toward sustainability --
Strategy one: increase taxes --
Strategy two: decrease spending --
A complementary path: changing how government operates & delivers its services --
Modernizing bureaucratic processes --
Reassignment of roles & responsibilities between governments --
Digitisation --
Devolution --
Alternate financing --
Where to go from here --
Sources cited.
Responsibility: [primary contributors, Matthew Mendelsohn ... et al. ; report produced by the Mowat Centre and the School of Public Policy & Governance at the University of Toronto, supported by KPMG].
More information:

Abstract:

Governments around the world face large budget deficits, some of which are structural. Addressing them will require significant fiscal and operational changes within governments. Some countries are undertaking radical cuts to spending to return to a path of fiscal sustainability. These efforts are reducing the footprint of government and altering some of the basic social benefits that citizens have been receiving from their governments for decades. Although Canadian governments are in the midst of stimulus spending and are posting high deficits, they do not face a short-term fiscal crisis on par with some European and US state governments. However, the impending demographic challenges and the structural nature of deficits in most provinces will require Canadian governments to ensure that they can continue to meet public expectations with respect to programming and services while keeping these affordable.

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