PLAN103 Chapter 7: Trends in Public Finance in Canada
23 Mar 2016
School
Department
Course
Professor
Document Summary
Trends in public finance in canada: kitchen & slack. Current division of spending responsibilities allows each to use own funding but has led to a fiscal imbalance, weighing heavily on municipalities. Have stayed relatively stagnant without change in responsibilities, except in ontario where social services was downloaded to municipalities: expenditures have grown by 0. 9%/year without inflation, spending on roads are lower while water, sewage, garbage, policing have risen. Property taxes were largest source of revenue, have risen in importance by 10% along with user fees at 17%, government transfers have dropped significantly: revenue has not kept pace with spending, increasing only 0. 7%/year. Expenditure responsibilities and revenue trends of the federal and provincial gov"ts. Federal expenditures/capita have fallen while provincial expenditures and municipal expenditures have increased but less so than the province: feds spend most on social services, debt charges, protection, health, transfers. Expenses fell 0. 9%/year over the period: provinces spend most on health, education, social services, debt charges.
