A Difficult Road Ahead – Canada’s Economic and Fiscal Prospects
August 28, 2014
At their 2014 Summer Meeting, Canada’s Premiers discussed a report prepared by the Conference Board of Canada entitled, A Difficult Road Ahead: Canada’s Economic and Fiscal Prospects.
The report confirms that the growing fiscal disparity between the federal government and provincial-territorial governments will have significant effects on the ability of provinces and territories to deliver quality public services. Under all scenarios examined by the Conference Board, the federal government continues to record growing budgetary surpluses while provincial-territorial governments will face increasing challenges to achieve fiscal balance while providing essential programs and services to Canadians.