TD Fall Investing GuideTD Fall Investing Guide
Updated: Tue, 14 Jan 2014 12:07:03 GMT | By The Canadian Press, thecanadianpress.com

Natural disasters hiking federal spending

OTTAWA - Canada's budget watchdog says the federal government spent slightly more in the first six months of the fiscal year than in the same period last year.


Natural disasters hiking federal spending

Residents walk through flood waters in Calgary on June 24, 2013. Natural disasters pushed up federal spending and could rise in future according to the parliamentary budget office.THE CANADIAN PRESS/Nathan Denette

OTTAWA - Canada's budget watchdog says the federal government spent slightly more in the first six months of the fiscal year than in the same period last year.

A report from the parliamentary budget office says spending on natural disaster recovery has jumped due to major floods and rainstorms in the Prairies from 2011 to 2013.

It warns that Ottawa may have to lay out even more money than the current estimated $4.1 billion liability in the future as Environment Canada predicts increased precipitation rates.

The report also says it can't determine whether the 2012 budget cuts are fiscally sustainable because it's not getting enough information from the government.

Since the government refuses to provide the needed data, the budget office has had to use existing public resources to find the information, with limited success.

The office says almost 40 per cent of program performance can't be evaluated due to recent target changes or incomplete data.

Find the cheapest gas price near you!Find the cheapest gas price near you!
Scroll upScroll down

Recently recommended stories

advertisement