Archive for February 26th, 2013

Ottawa’s spending plan: Winners, losers, watchdogs – the highlights

- February 26th, 2013

 

For the fiscal year that begins on April 1, 2013, the federal government plans to spend $252.54 billion. The most recent estimate for what it will spend in the current fiscal year, which ends March 30, 2013, is $259 billion. Now, the federal budget for 2013-2014 has yet to be tabled — it likely won’t be published until late March — and there is highly likely that the budget will override the current spending plan of $252 billion. It could be less but it could be more.

In any event, if the government follows through and sticks to spending $252.5 billion next year, it will have reduced spending next year by $6.5 billion or about 2.5 per cent.

Here’s some other numbers found in the spending plan published yeterday (see the note at the bottom of this post about the source of these numbers): Read more…