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Book Rating : 4.:/5 (137 download)
Book Synopsis Shifting Gears Paths to Fiscal Sustainability in Canada by :
Download or read book Shifting Gears Paths to Fiscal Sustainability in Canada written by and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The School of Public Policy & Governance and the Mowat Centre will follow progress and report back on the steps governments are taking to return to sustainability in order to facilitate policy learning and identify the most successful strategies. [...] The volatility of the corporate tax base, coupled with the greater diversification of the national compared to the provincial economies, suggests that the federal government may be better situated to occupy the corporate tax field, leaving a more stable and less mobile tax base-such as the GST-to the provinces, given the greater fiscal pressure they are expected to be under in coming years. [...] Before a government determines which of the approaches outlined in Chart 1 to pursue, a threshold question must be addressed: is the government trying to find savings in order to do the same with less-or is it prepared to stop doing certain things? If the govern- ment is not prepared to reduce its footprint in the short-term, there is no way to get around the need to reduce the cost of wages and b. [...] Examples are well-known, from the initial contract- ing out of municipal services such as garbage col- lection in the 1980s in the US, the privatization and creation of special purpose delivery agencies incu- bated during the Thatcher era in the UK and, more recently, the growth of more widely dispersed and networked modes of delivery spanning many sectors of the economy, including the charitable. [...] The princi- pal task of the OBR is to provide an independent assessment of whether the government is likely to meet the deficit reduction objectives established by the Chancellor of the Exchequer.